Supremex (TSE:SXP) Share Price Crosses Above 200 Day Moving Average - Here's Why

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 - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Supremex Stock Performance

The stock has a market capitalization of C$109.74 million, a P/E ratio of -6.55, a P/E/G ratio of 0.31 and a beta of 1.32. The company's 50-day moving average is C$4.01 and its two-hundred day moving average is C$3.90. The company has a current ratio of 2.20, a quick ratio of 1.01 and a debt-to-equity ratio of 86.35.

Supremex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were given a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 4.5%. Supremex's dividend payout ratio (DPR) 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.