Supremex (TSE:SXP) Shares Pass Above 200 Day Moving Average – Should You Sell?

Supremex Inc. (TSE:SXP) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.65 and traded as high as C$3.67. Supremex shares last traded at C$3.61, with a volume of 1,363 shares traded.

Supremex Price Performance

The firm has a market capitalization of C$88.42 million, a P/E ratio of 7.35, a PEG ratio of 0.31 and a beta of 0.25. The business’s 50-day simple moving average is C$3.64 and its 200 day simple moving average is C$3.65. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 137.06.

Supremex (TSE:SXP) last announced its quarterly earnings data on Friday, July 31st. The company reported C$0.06 earnings per share for the quarter. Supremex had a net margin of 4.27% and a return on equity of 11.20%. The firm had revenue of C$71.56 million during the quarter. Sell-side analysts forecast that Supremex Inc. will post 0.7454874 earnings per share for the current year.

Supremex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, September 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.20 annualized dividend and a yield of 5.6%. Supremex’s payout ratio is currently 40.82%.

About Supremex

Supremex is a growing provider of paper-based packaging solutions and a leading North American manufacturer and marketer of envelopes. Supremex operates nine manufacturing facilities across four provinces in Canada and four manufacturing facilities in three states in the United States employing approximately 1,000 people. Supremex’ extensive network allows it to efficiently manufacture and distribute envelope and packaging solutions designed to the specifications of major national and multinational corporations, direct mailers, resellers, government entities, SMEs and solutions providers.