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

Key Points

• Supremex Inc. shares have crossed above their two hundred day moving average, trading at C$4.23, with a peak at C$4.34.
• The company recently announced a dividend of $0.05 per share, resulting in a 4.7% yield for shareholders.
• Supremex primarily operates in the manufacturing and sale of custom envelopes, indicating a strong focus on this segment for revenue generation.

Supremex Inc. (TSE:SXP - ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.89 and traded as high as C$4.34. Supremex shares last traded at C$4.23, with a volume of 55,358 shares.

Supremex Trading Up 0.5%

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 company has a fifty day moving average of C$4.00 and a two-hundred day moving average of C$3.89. The stock has a market capitalization of C$105.03 million, a price-to-earnings ratio of -6.27, a price-to-earnings-growth ratio of 0.31 and a beta of 1.32.

Supremex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 20th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 4.7%. Supremex's dividend payout ratio 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.

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