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Supremex (TSE:SXP) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Supremex logo with Consumer Cyclical background

Shares of Supremex Inc. (TSE:SXP - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.00 and traded as low as C$3.66. Supremex shares last traded at C$3.75, with a volume of 43,081 shares traded.

Supremex Price Performance

The business's 50 day simple moving average is C$4.01 and its 200-day simple moving average is C$4.00. The stock has a market capitalization of C$92.70 million, a price-to-earnings ratio of 8.52, a P/E/G ratio of 0.31 and a beta of 1.32. The company has a quick ratio of 1.01, a current ratio of 2.14 and a debt-to-equity ratio of 72.60.

Supremex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.05 dividend. 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 dividend yield of 5.33%. The ex-dividend date was Thursday, December 5th. Supremex's dividend payout ratio (DPR) is presently 36.36%.

Supremex Company Profile

(Get Free Report)

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.

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