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

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$3.95 and traded as high as C$4.06. Supremex shares last traded at C$4.00, with a volume of 16,331 shares changing hands.

Supremex Stock Up 1.3 %

The company has a market cap of C$100.56 million, a P/E ratio of -6.00, a P/E/G ratio of 0.31 and a beta of 1.32. The company’s 50-day moving average is C$3.74 and its two-hundred day moving average is C$3.95. The company has a debt-to-equity ratio of 86.35, a current ratio of 2.20 and a quick ratio of 1.01.

Supremex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.05 dividend. This is a positive change from Supremex’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.94%. Supremex’s dividend payout ratio (DPR) is presently -23.70%.

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.