Supremex (TSE:SXP) Share Price Crosses Above 200 Day Moving Average - What's Next?

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)'s share price 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 traded.

Supremex Stock Performance

The stock has a market capitalization of C$97.50 million, a PE ratio of -6.40, a P/E/G 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 business's fifty day moving average price is C$4.22 and its 200-day moving average price is C$4.00.

Supremex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 19th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, September 4th. Supremex's dividend payout ratio is presently -30.65%.

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.