Supremex (TSE:SXP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Supremex Inc. (TSE:SXP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.67 and traded as high as C$3.79. Supremex shares last traded at C$3.68, with a volume of 39,122 shares trading hands.

Supremex Stock Performance

The stock’s 50 day moving average price is C$3.64 and its 200 day moving average price is C$3.67. The company has a current ratio of 1.95, a quick ratio of 1.01 and a debt-to-equity ratio of 100.62. The company has a market cap of C$89.54 million, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.31 and a beta of 0.57.

Supremex (TSE:SXP) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.08 EPS for the quarter. Supremex had a net margin of 3.90% and a return on equity of 9.93%. The company had revenue of C$74.84 million during the quarter. On average, analysts expect that Supremex Inc. will post 0.7454874 EPS for the current fiscal year.

Supremex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.4%. Supremex’s payout ratio is presently 45.45%.

Supremex Company Profile

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.