Supremex (TSE:SXP) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Supremex Inc. (TSE:SXP) shares crossed above the 200-day moving average of C$3.87, with recent trading at C$4.13.
• The company recently announced a quarterly dividend of $0.05 per share, resulting in a yield of 4.84%.
• Supremex has a market cap of C$102.54 million with a P/E ratio of -6.12, indicating potential concerns about profitability.

Supremex Inc. (TSE:SXP - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.87 and traded as high as C$4.26. Supremex shares last traded at C$4.13, with a volume of 26,534 shares trading hands.

Supremex Stock Performance

The company has a current ratio of 2.20, a quick ratio of 1.01 and a debt-to-equity ratio of 86.35. The business's 50 day moving average is C$3.98 and its two-hundred day moving average is C$3.88. The company has a market cap of C$103.04 million, a PE ratio of -6.15, a PEG ratio of 0.31 and a beta of 1.32.

Supremex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.8%. Supremex's payout ratio is -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.