Supremex (TSE:SXP) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Supremex Inc. (TSE:SXP)'s stock price rose above its 200-day moving average of C$4.00, trading as high as C$4.64 during Tuesday's session.
• The company declared a quarterly dividend of $0.05 per share, to be paid on September 19th, resulting in an annualized yield of 4.3%.
• Supremex reported a market cap of C$112.98 million and a price-to-earnings ratio of -7.42, indicating underlying financial challenges.

Supremex Inc. (TSE:SXP - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.00 and traded as high as C$4.64. Supremex shares last traded at C$4.60, with a volume of 42,805 shares trading hands.

Supremex Trading Down 2.3%

The firm has a market cap of C$95.29 million, a P/E ratio of -6.26, a PEG ratio of 0.31 and a beta of 1.18. The company has a debt-to-equity ratio of 86.35, a current ratio of 2.20 and a quick ratio of 1.01. The stock has a 50 day moving average of C$4.22 and a 200 day moving average of C$4.00.

Supremex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, September 4th. Supremex's dividend payout ratio is currently -30.65%.

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.