Supremex (TSE:SXP) Shares Climb 3.2% – Should You Buy?

Shares of Supremex Inc. (TSE:SXP) rose 3.2% on Thursday. The company traded as high as C$3.25 and last traded at C$3.22. 24,748 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 15,728 shares. The stock had previously closed at C$3.12.

Supremex Stock Performance

The company has a 50-day moving average of C$3.34 and a 200-day moving average of C$3.59. The company has a market cap of C$79.08 million, a PE ratio of 6.57, a PEG ratio of 0.31 and a beta of 0.11. 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 released its quarterly earnings results on Thursday, November 5th. The company reported C$0.03 EPS for the quarter. Supremex had a return on equity of 11.20% and a net margin of 4.27%. The business had revenue of C$76.24 million during the quarter. As a group, analysts anticipate that Supremex Inc. will post 0.75 earnings per share for the current year.

Supremex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, September 11th were paid a $0.05 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.20 annualized dividend and a dividend yield of 6.2%. Supremex’s dividend payout ratio is presently 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.