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Supremex (TSE:SXP) Stock Passes Above 200-Day Moving Average - Here's Why

Supremex logo with Consumer Cyclical background

Supremex Inc. (TSE:SXP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.84 and traded as high as C$4.16. Supremex shares last traded at C$4.00, with a volume of 38,984 shares trading hands.

Supremex Trading Down 1.0%

The firm has a fifty day simple moving average of C$3.92 and a 200-day simple moving average of C$3.84. The firm has a market cap of C$100.81 million, a P/E ratio of -6.01, a price-to-earnings-growth ratio of 0.31 and a beta of 1.32. The company has a debt-to-equity ratio of 86.35, a current ratio of 2.20 and a quick ratio of 1.01.

Supremex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.93%. Supremex's dividend payout ratio is presently -23.70%.

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.

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