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

Supremex Inc. (TSE:SXP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.93 and traded as high as C$3.99. Supremex shares last traded at C$3.94, with a volume of 5,480 shares.

Supremex Trading Up 0.5 %

The firm has a market cap of C$97.83 million, a PE ratio of -5.84, a PEG ratio of 0.31 and a beta of 1.32. The company has a debt-to-equity ratio of 86.35, a current ratio of 2.20 and a quick ratio of 1.01. The stock’s fifty day simple moving average is C$3.80 and its 200-day simple moving average is C$3.93.

Supremex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, April 4th will be given a dividend of $0.05 per share. 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 5.08%. Supremex’s dividend payout ratio is currently -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.