Supremex (TSE:SXP) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Supremex Inc. (TSE:SXP) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.98 and traded as high as C$4.03. Supremex shares last traded at C$4.03, with a volume of 10,000 shares.

Supremex Stock Up 0.5 %

The company has a debt-to-equity ratio of 72.60, a quick ratio of 1.01 and a current ratio of 2.14. The stock’s 50 day moving average price is C$4.11 and its 200-day moving average price is C$3.98. The company has a market cap of C$99.62 million, a PE ratio of 9.16, a PEG ratio of 0.31 and a beta of 1.32.

Supremex (TSE:SXP) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter. Supremex had a net margin of 3.93% and a return on equity of 8.31%. The business had revenue of C$69.34 million during the quarter, compared to analyst estimates of C$65.40 million. On average, analysts predict that Supremex Inc. will post 0.7454874 earnings per share for the current year.

Supremex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 20th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.16 annualized dividend and a yield of 3.97%. Supremex’s payout ratio is 36.36%.

About Supremex

Supremex Inc engages in the manufacture and markets envelopes, and paper-based packaging solutions and specialty products to corporations, resellers, government entities, small and medium sized enterprises, direct mailers, and solutions providers primarily in Canada and the United States. The company offers a range of stock and custom envelopes in various styles, shapes, and colors; and e-Commerce fulfillment packaging solutions; labels; polyethylene bags for courier applications; and bubble mailers.