Supremex (TSE:SXP) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Supremex Inc. (TSE:SXP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.94 and traded as high as C$3.99. Supremex shares last traded at C$3.93, with a volume of 637 shares trading hands.

Supremex Trading Down 0.3 %

The company has a debt-to-equity ratio of 86.35, a quick ratio of 1.01 and a current ratio of 2.20. The business has a fifty day simple moving average of C$3.77 and a 200 day simple moving average of C$3.94. The stock has a market cap of C$97.58 million, a price-to-earnings ratio of -5.82, a PEG ratio of 0.31 and a beta of 1.32.

Supremex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, April 4th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.20 dividend on an annualized basis and a yield of 5.09%. Supremex’s dividend payout ratio (DPR) is -23.70%.

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.