Supremex (TSE:SXP) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Supremex Inc. (TSE:SXP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.87 and traded as high as C$4.00. Supremex shares last traded at C$3.91, with a volume of 4,500 shares trading hands.

Supremex Price Performance

The firm has a market capitalization of C$97.08 million, a P/E ratio of -5.79, a PEG ratio of 0.31 and a beta of 1.32. 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 firm has a 50-day moving average of C$3.86 and a 200-day moving average of C$3.87.

Supremex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, April 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.20 annualized dividend and a dividend yield of 5.12%. Supremex’s payout ratio is -23.70%.

Supremex Company Profile

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.