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

Supremex Inc. (TSE:SXP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.68 and traded as high as C$3.68. Supremex shares last traded at C$3.64, with a volume of 3,001 shares traded.

Supremex Price Performance

The company has a debt-to-equity ratio of 100.62, a quick ratio of 1.00 and a current ratio of 1.95. The company has a market capitalization of C$88.56 million, a PE ratio of 8.27, a P/E/G ratio of 0.31 and a beta of 0.52. The company’s 50-day simple moving average is C$3.64 and its 200-day simple moving average is C$3.68.

Supremex (TSE:SXP) last announced its earnings results on Thursday, May 7th. The company reported C$0.08 earnings per share for the quarter. The business had revenue of C$74.84 million during the quarter. Supremex had a net margin of 3.90% and a return on equity of 9.93%. As a group, sell-side analysts anticipate that Supremex Inc. will post 0.7454874 earnings per share for the current year.

Supremex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Thursday, June 4th. Supremex’s dividend payout ratio (DPR) is 45.45%.

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.