Insider Selling: Algoma Steel Group Inc. (TSE:ASTL) Director Sells C$68,842.90 in Stock
by Tristan Rich · The Markets DailyAlgoma Steel Group Inc. (TSE:ASTL – Get Free Report) Director David Daniel Sgro sold 6,845 shares of Algoma Steel Group stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$10.06, for a total value of C$68,842.90.
Algoma Steel Group Trading Down 2.1 %
TSE:ASTL opened at C$13.26 on Monday. The company’s 50 day moving average is C$12.99 and its 200-day moving average is C$11.38. The company has a quick ratio of 1.51, a current ratio of 4.19 and a debt-to-equity ratio of 40.70. Algoma Steel Group Inc. has a 12 month low of C$8.71 and a 12 month high of C$14.48. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of -60.27 and a beta of 1.51.
Algoma Steel Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.20 annualized dividend and a yield of 1.51%. Algoma Steel Group’s dividend payout ratio (DPR) is presently -122.73%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Algoma Steel Group from C$16.00 to C$19.00 in a research note on Thursday, August 15th. BMO Capital Markets lifted their price objective on shares of Algoma Steel Group from C$13.00 to C$15.00 in a research note on Thursday, August 15th. Finally, Cormark increased their target price on shares of Algoma Steel Group from C$14.50 to C$18.75 in a research report on Monday, July 22nd.
Check Out Our Latest Research Report on Algoma Steel Group
Algoma Steel Group Company Profile
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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