Supremex (TSE:SXP) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Supremex Inc. (TSE:SXP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.00 and traded as low as C$3.66. Supremex shares last traded at C$3.75, with a volume of 43,081 shares traded.

Supremex Stock Performance

The company’s 50-day moving average price is C$4.02 and its 200 day moving average price is C$4.00. The stock has a market capitalization of C$92.70 million, a PE ratio of 8.52, a PEG ratio of 0.31 and a beta of 1.32. The company has a debt-to-equity ratio of 72.60, a quick ratio of 1.01 and a current ratio of 2.14.

Supremex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This is a positive change from Supremex’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 5.33%. Supremex’s dividend payout ratio (DPR) is 36.36%.

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.