Supremex (TSE:SXP) Sets New 12-Month Low – Here’s What Happened

Supremex Inc. (TSE:SXP) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$3.05 and last traded at C$3.18, with a volume of 40361 shares trading hands. The stock had previously closed at C$3.51.

Supremex Price Performance

The company has a debt-to-equity ratio of 137.06, a current ratio of 1.83 and a quick ratio of 1.00. The stock has a market capitalization of C$73.68 million, a P/E ratio of 6.12, a PEG ratio of 0.31 and a beta of 0.19. The stock’s fifty day moving average is C$3.60 and its 200-day moving average is C$3.63.

Supremex (TSE:SXP) last announced its quarterly earnings results on Friday, July 31st. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$71.56 million during the quarter. Supremex had a return on equity of 11.20% and a net margin of 4.27%. On average, equities analysts anticipate that Supremex Inc. will post 0.7454874 earnings per share for the current year.

Supremex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, September 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.20 dividend on an annualized basis and a yield of 6.7%. 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.