Supreme (LON:SUP) Stock Price Down 3.3% – Here’s What Happened

Supreme Plc (LON:SUP) was down 3.3% during trading on Monday . The company traded as low as GBX 180 ($2.20) and last traded at GBX 181.71 ($2.22). Approximately 140,043 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 224,671 shares. The stock had previously closed at GBX 188 ($2.30).

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Supreme in a research report on Monday, December 2nd.

Supreme Price Performance

The company’s 50 day simple moving average is GBX 172.17 and its 200-day simple moving average is GBX 172.63. The company has a current ratio of 2.11, a quick ratio of 0.98 and a debt-to-equity ratio of 25.39. The company has a market capitalization of £211.86 million, a price-to-earnings ratio of 1,009.50 and a beta of 1.13.

Supreme Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 5th were paid a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 1.03%. Supreme’s dividend payout ratio is presently 2,777.78%.

About Supreme

Supreme supplies products across six categories; Batteries, Lighting, Vaping, Sports Nutrition and Wellness, Branded Distribution and Soft Drinks. The Company’s capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities.