Algoma Steel Group (NASDAQ:ASTL – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.35), reports. The company had revenue of $175.15 million for the quarter, compared to the consensus estimate of $161.15 million. Algoma Steel Group had a negative net margin of 59.04% and a negative return on equity of 186.12%.
Algoma Steel Group Trading Up 1.0%
ASTL opened at $4.99 on Friday. The business has a 50 day moving average of $4.34 and a 200-day moving average of $4.43. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.35 and a current ratio of 2.49. Algoma Steel Group has a 52 week low of $3.16 and a 52 week high of $5.90.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ASTL. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Algoma Steel Group in a research note on Monday, September 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Algoma Steel Group in a research note on Monday, September 21st. Finally, Wall Street Zen cut shares of Algoma Steel Group from a “sell” rating to a “strong sell” rating in a report on Saturday, September 26th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Algoma Steel Group currently has an average rating of “Reduce”.
Get Our Latest Stock Report on Algoma Steel Group
About Algoma Steel Group
Algoma Steel Group Inc is an integrated steel producer headquartered in Sault Ste. Marie, Ontario, Canada. Through its steelmaking and finishing operations, the company produces a range of steel products for customers primarily in Canada and the United States.
Algoma’s product portfolio includes hot- and cold-rolled steel sheet, galvanized steel and steel plate. Its products are used in sectors such as automotive manufacturing, construction, energy, transportation, industrial equipment and general manufacturing.
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