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Supremex (TSE:SXP) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Supremex logo with Consumer Cyclical background

Key Points

  • Supremex Inc. shares have recently crossed above their 200-day moving average of C$3.99, indicating a potential positive trend as the stock traded as high as C$4.04.
  • The company announced a quarterly dividend of $0.05 per share with an annualized yield of 5.1%, reflecting an attractive return for shareholders.
  • Supremex operates primarily in the manufacture and sale of custom envelopes and packaging products, with the majority of its revenue generated from the Envelope segment.
  • Interested in Supremex? Here are five stocks we like better.

Supremex Inc. (TSE:SXP - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.99 and traded as high as C$4.04. Supremex shares last traded at C$3.91, with a volume of 55,991 shares.

Supremex Trading Up 0.5%

The stock has a market cap of C$96.03 million, a P/E ratio of -6.31, a PEG ratio of 0.31 and a beta of 1.18. The company has a debt-to-equity ratio of 86.35, a current ratio of 2.20 and a quick ratio of 1.01. The business's 50 day simple moving average is C$4.19 and its 200 day simple moving average is C$3.99.

Supremex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 19th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.1%. Supremex's payout ratio is -30.65%.

Supremex Company Profile

(Get Free Report)

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.

Further Reading

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