Supremex (TSE:SXP) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Supremex Inc. (TSE:SXP) stock price has risen above its 200-day moving average, reaching a high of C$4.30, with the last trade at C$4.28.
• The company announced a quarterly dividend of $0.05 per share, representing an annualized dividend of $0.20 and a yield of 4.7%.
• Supremex primarily generates revenue from its Envelope segment, contributing to its market capitalization of C$106.27 million.

Supremex Inc. (TSE:SXP - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.92 and traded as high as C$4.30. Supremex shares last traded at C$4.28, with a volume of 3,304 shares trading hands.

Supremex Price Performance

The stock has a market capitalization of C$105.03 million, a P/E ratio of -6.27, a PEG ratio of 0.31 and a beta of 1.32. The company has a debt-to-equity ratio of 86.35, a quick ratio of 1.01 and a current ratio of 2.20. The firm has a fifty day moving average price of C$4.06 and a two-hundred day moving average price of C$3.93.

Supremex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were given a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 4.7%. Supremex's dividend payout ratio (DPR) is currently -23.70%.

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.