Supremex (TSE:SXP) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Supremex Inc. (TSE:SXP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.99 and traded as high as C$4.03. Supremex shares last traded at C$4.03, with a volume of 7,050 shares.

Supremex Price Performance

The stock’s fifty day moving average is C$4.07 and its 200-day moving average is C$3.99. The stock has a market capitalization of C$99.62 million, a PE ratio of 9.16, a P/E/G ratio of 0.31 and a beta of 1.32. The company has a debt-to-equity ratio of 72.60, a current ratio of 2.14 and a quick ratio of 1.01.

Supremex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This is an increase from Supremex’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 4.96%. Supremex’s dividend payout ratio is 36.36%.

Supremex Company Profile

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.