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

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) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Supremex Stock Up 2.3%

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 business has a fifty day simple moving average of C$4.07 and a two-hundred day simple moving average of C$3.93. The company has a market capitalization of C$108.25 million, a price-to-earnings ratio of -6.46, a P/E/G ratio of 0.31 and a beta of 1.32.

Supremex Announces Dividend

The firm 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. This represents a $0.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 5th. Supremex's payout ratio is presently -23.70%.

About Supremex

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.