Algoma Central (TSE:ALC) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Algoma Central Co. (TSE:ALC)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.65 and traded as low as C$14.38. Algoma Central shares last traded at C$14.67, with a volume of 7,318 shares traded.

Algoma Central Price Performance

The firm has a market cap of C$595.16 million, a price-to-earnings ratio of 8.84 and a beta of 0.72. The stock’s fifty day moving average price is C$14.80 and its 200-day moving average price is C$14.65. The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Monday, November 18th. Algoma Central’s dividend payout ratio (DPR) is presently 45.78%.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.