Supremex (TSE:SXP) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Supremex Inc. (TSE:SXP)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.68 and traded as high as C$3.70. Supremex shares last traded at C$3.63, with a volume of 11,141 shares traded.

Supremex Stock Down 0.6%

The company has a market capitalization of C$87.10 million, a PE ratio of 8.14, a P/E/G ratio of 0.31 and a beta of 0.52. The company has a debt-to-equity ratio of 100.62, a quick ratio of 1.00 and a current ratio of 1.95. The company’s 50-day moving average is C$3.64 and its 200 day moving average is C$3.68.

Supremex (TSE:SXP) last issued its earnings results on Thursday, May 7th. The company reported C$0.08 earnings per share (EPS) for the quarter. Supremex had a net margin of 3.90% and a return on equity of 9.93%. The firm had revenue of C$74.84 million for the quarter. As a group, analysts anticipate that Supremex Inc. will post 0.7454874 EPS for the current year.

Supremex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 5.6%. Supremex’s payout ratio is currently 45.45%.

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. Its product portfolio consists of translucent envelopes, custom envelopes, stock envelopes, poly mailers, enviro-Logix flat mailers, board mailers, custom labels, affixing, repositionable notes and others.