Supremex (TSE:SXP) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Supremex (TSE:SXP) crossed above its 200-day moving average (200‑day MA C$3.69), trading as high as C$3.84 and last at C$3.73 on volume of 28,439, signaling a short-term technical positive.
• The stock appears cheaply valued with a trailing P/E of 7.61 and analysts forecasting about 0.7455 EPS for the year; last quarter EPS was C$0.06 on C$72.92M revenue and ROE of 10.8%.
• Supremex pays a quarterly dividend of $0.05 (annualized yield 5.4%, payout ratio 40.82%), but investors should note elevated leverage with a debt-to-equity of 185.57 and only moderate liquidity (current ratio 1.68, quick ratio 1.01).

Supremex Inc. (TSE:SXP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.69 and traded as high as C$3.84. Supremex shares last traded at C$3.73, with a volume of 28,439 shares changing hands.

Supremex Stock Down 1.3%

The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 185.57. The firm has a market cap of C$90.80 million, a PE ratio of 7.61, a P/E/G ratio of 0.31 and a beta of 0.46. The business's 50-day simple moving average is C$3.68 and its 200 day simple moving average is C$3.69.

Supremex (TSE:SXP - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.06 earnings per share for the quarter. Supremex had a net margin of 4.38% and a return on equity of 10.80%. The business had revenue of C$72.92 million for the quarter. As a group, equities research analysts expect that Supremex Inc. will post 0.7454874 earnings per share for the current year.

Supremex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.4%. The ex-dividend date was Thursday, March 19th. Supremex's payout ratio is presently 40.82%.

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. 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.

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