Superior Plus (TSE:SPB) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Superior Plus Corp. (TSE:SPB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.23 and traded as low as C$6.35. Superior Plus shares last traded at C$6.37, with a volume of 1,010,785 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SPB shares. BMO Capital Markets cut Superior Plus from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$9.00 to C$8.00 in a research report on Friday, February 20th. Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and dropped their price objective for the company from C$9.75 to C$8.50 in a research report on Monday, February 23rd. Royal Bank Of Canada dropped their price objective on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. National Bank Financial dropped their price target on shares of Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating on the stock in a report on Monday, February 23rd. Finally, Scotiabank downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$8.50 to C$6.50 in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$7.80.

Superior Plus Price Performance

The firm has a fifty day moving average price of C$6.79 and a two-hundred day moving average price of C$7.21. The stock has a market capitalization of C$1.35 billion, a P/E ratio of 25.12 and a beta of 0.21. The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.37 earnings per share for the quarter. The firm had revenue of C($3.43) million for the quarter. Superior Plus had a return on equity of 6.95% and a net margin of 2.49%.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio is presently 51.81%.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.