Supremex (TSE:SXP) Shares Cross Below 200 Day Moving Average – What’s Next?

Supremex Inc. (TSE:SXP) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$3.61 and traded as low as C$2.98. Supremex shares last traded at C$2.98, with a volume of 24,938 shares changing hands.

Supremex Price Performance

The company has a debt-to-equity ratio of 137.06, a quick ratio of 1.00 and a current ratio of 1.83. The company has a market cap of C$73.19 million, a price-to-earnings ratio of 6.08, a PEG ratio of 0.31 and a beta of 0.19. The business has a fifty day moving average price of C$3.52 and a 200 day moving average price of C$3.61.

Supremex (TSE:SXP) last released its earnings results on Friday, July 31st. The company reported C$0.06 earnings per share (EPS) for the quarter. Supremex had a return on equity of 11.20% and a net margin of 4.27%. The firm had revenue of C$71.56 million for the quarter. As a group, research analysts anticipate that Supremex Inc. will post 0.75 earnings per share for the current year.

Supremex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors 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 6.7%. Supremex’s dividend payout ratio is presently 40.82%.

Supremex Company Profile

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.