Supremex (TSE:SXP) Stock Passes Above 200-Day Moving Average – Should You Sell?

Supremex Inc. (TSE:SXP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.84 and traded as high as C$3.85. Supremex shares last traded at C$3.80, with a volume of 32,779 shares traded.

Supremex Stock Performance

The company has a current ratio of 2.20, a quick ratio of 1.01 and a debt-to-equity ratio of 86.35. The firm’s fifty day moving average price is C$3.90 and its two-hundred day moving average price is C$3.84. The stock has a market capitalization of C$94.35 million, a PE ratio of -5.63, a price-to-earnings-growth ratio of 0.31 and a beta of 1.32.

Supremex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 20th were issued a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 5.26%. Supremex’s payout ratio is -23.70%.

About Supremex

Supremex Inc is engaged in manufacturer and marketer of a broad range of custom envelopes and packaging products. The company operates in two business segments that are Manufacturing and Sale of Envelopes, and the manufacturing and sale of paper-based packaging solutions and specialty products. The majority of the revenue is generated from the Envelope segment.