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

Supremex Inc. (TSE:SXP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.67 and traded as high as C$3.67. Supremex shares last traded at C$3.62, with a volume of 4,416 shares trading hands.

Supremex Trading Up 0.6%

The business has a fifty day simple moving average of C$3.66 and a 200 day simple moving average of C$3.67. The stock has a market cap of C$88.56 million, a price-to-earnings ratio of 8.27, a PEG ratio of 0.31 and a beta of 0.53. The company has a debt-to-equity ratio of 100.62, a quick ratio of 1.01 and a current ratio of 1.95.

Supremex (TSE:SXP) last announced its earnings results on Thursday, May 7th. The company reported C$0.08 EPS for the quarter. The firm 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%. As a group, equities analysts anticipate that Supremex Inc. will post 0.7454874 EPS for the current year.

Supremex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Thursday, March 19th. Supremex’s dividend payout ratio is 45.45%.

About Supremex

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.