Supremex (TSE:SXP) Shares Climb 3.2% – Here’s What Happened

Supremex Inc. (TSE:SXP)’s stock price traded up 3.2% during trading on Thursday. The stock traded as high as C$3.25 and last traded at C$3.22. 24,748 shares were traded during mid-day trading, an increase of 57% from the average session volume of 15,728 shares. The stock had previously closed at C$3.12.

Supremex Stock Performance

The company’s 50-day simple moving average is C$3.34 and its 200 day simple moving average is C$3.59. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 137.06. The stock has a market cap of C$79.08 million, a P/E ratio of 6.57, a PEG ratio of 0.31 and a beta of 0.11.

Supremex (TSE:SXP) last announced its earnings results on Thursday, November 5th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$76.24 million for the quarter. Supremex had a return on equity of 11.20% and a net margin of 4.27%. As a group, sell-side analysts expect that Supremex Inc. will post 0.75 EPS for the current fiscal year.

Supremex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, September 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Thursday, August 27th. Supremex’s dividend payout ratio (DPR) is 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.