Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) Director Michael Allan Mcquade sold 36,260 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$13.80, for a total transaction of C$500,388.00.
Algoma Steel Group Stock Down 2.1 %
TSE:ASTL opened at C$13.26 on Friday. The company has a current ratio of 4.19, a quick ratio of 1.51 and a debt-to-equity ratio of 40.70. The stock has a 50 day moving average of C$12.93 and a 200-day moving average of C$11.36. The firm has a market capitalization of C$1.38 billion, a PE ratio of -60.27 and a beta of 1.51. Algoma Steel Group Inc. has a 52 week low of C$8.71 and a 52 week high of C$14.48.
Algoma Steel Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, August 23rd. Algoma Steel Group’s dividend payout ratio is presently -122.73%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on ASTL
About Algoma Steel Group
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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