Supremex (TSE:SXP) Stock Crosses Above 200 Day Moving Average – Here’s Why

Supremex Inc. (TSE:SXP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.69 and traded as high as C$3.69. Supremex shares last traded at C$3.67, with a volume of 5,705 shares traded.

Supremex Price Performance

The firm’s 50 day simple moving average is C$3.69 and its two-hundred day simple moving average is C$3.69. The company has a debt-to-equity ratio of 185.57, a current ratio of 1.68 and a quick ratio of 1.01. The firm has a market capitalization of C$89.34 million, a P/E ratio of 7.49, a P/E/G ratio of 0.31 and a beta of 0.57.

Supremex (TSE:SXP) last announced its quarterly earnings data on Thursday, February 19th. The company reported C$0.06 earnings per share (EPS) for the quarter. Supremex had a return on equity of 10.80% and a net margin of 4.38%.The firm had revenue of C$72.92 million for the quarter. As a group, analysts predict that Supremex Inc. will post 0.7454874 earnings per share for the current year.

Supremex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, March 19th. Supremex’s payout ratio is 40.82%.

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. Its product portfolio consists of translucent envelopes, custom envelopes, stock envelopes, poly mailers, enviro-Logix flat mailers, board mailers, custom labels, affixing, repositionable notes and others.