Supremex (TSE:SXP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Supremex Inc. (TSE:SXP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.67 and traded as high as C$3.78. Supremex shares last traded at C$3.72, with a volume of 6,565 shares trading hands.

Supremex Stock Performance

The stock has a fifty day simple moving average of C$3.64 and a 200-day simple moving average of C$3.67. The stock has a market cap of C$90.51 million, a P/E ratio of 8.45, a PEG ratio of 0.31 and a beta of 0.57. The company has a debt-to-equity ratio of 100.62, a quick ratio of 1.00 and a current ratio of 1.95.

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

Supremex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Thursday, June 4th. Supremex’s dividend payout ratio is currently 45.45%.

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. 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.