Supremex (TSE:SXP) Hits New 52-Week High - Should You Buy?

Key Points

• Supremex Inc. (TSE:SXP) reached a new 52-week high of C$4.60 during trading, with a closing price of C$4.56.
• The company declared a quarterly dividend of $0.05 per share, translating to an annualized yield of 4.4%, with an ex-dividend date of September 4th.
• Supremex primarily generates revenue from its Envelope segment, which includes manufacturing and selling custom envelopes and packaging products.

Supremex Inc. (TSE:SXP - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$4.60 and last traded at C$4.56, with a volume of 71132 shares. The stock had previously closed at C$4.40.

Supremex Price 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 company has a 50 day moving average price of C$4.18 and a 200 day moving average price of C$4.00. The company has a market capitalization of C$111.99 million, a P/E ratio of -7.35, a P/E/G ratio of 0.31 and a beta of 1.18.

Supremex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.20 annualized dividend and a yield of 4.4%. Supremex's payout ratio is -30.65%.

Supremex Company Profile

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.

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