Supremex (TSE:SXP) Sets New 52-Week High - Still a 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.

Shares of Supremex Inc. (TSE:SXP - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.60 and last traded at C$4.56, with a volume of 71132 shares trading hands. The stock had previously closed at C$4.40.

Supremex Price Performance

The company has a quick ratio of 1.01, a current ratio of 2.20 and a debt-to-equity ratio of 86.35. The company has a market capitalization of C$97.50 million, a P/E ratio of -6.40, a PEG ratio of 0.31 and a beta of 1.18. The business has a 50 day simple moving average of C$4.22 and a 200-day simple moving average of C$4.00.

Supremex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, September 4th. Supremex's dividend payout ratio (DPR) is presently -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.