Supremex (TSE:SXP) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Supremex Inc. (TSE:SXP)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$3.33 and traded as high as C$3.47. Supremex shares last traded at C$3.38, with a volume of 11,043 shares changing hands.

Supremex Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 137.06. The firm has a market capitalization of C$83.01 million, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.31 and a beta of 0.11. The stock’s 50 day moving average price is C$3.33 and its two-hundred day moving average price is C$3.58.

Supremex (TSE:SXP) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$76.24 million during the quarter. Supremex had a return on equity of 11.20% and a net margin of 4.27%. Analysts anticipate that Supremex Inc. will post 0.75 EPS for the current fiscal year.

Supremex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, September 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.9%. Supremex’s dividend payout ratio (DPR) is 40.82%.

About Supremex

Supremex is a growing provider of paper-based packaging solutions and a leading North American manufacturer and marketer of envelopes. Supremex operates nine manufacturing facilities across four provinces in Canada and four manufacturing facilities in three states in the United States employing approximately 1,000 people. Supremex’ extensive network allows it to efficiently manufacture and distribute envelope and packaging solutions designed to the specifications of major national and multinational corporations, direct mailers, resellers, government entities, SMEs and solutions providers.