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Supremex (TSE:SXP) Shares Cross Below 200 Day Moving Average - Here's What Happened

Supremex logo with Consumer Cyclical background

Supremex Inc. (TSE:SXP - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.01 and traded as low as C$3.78. Supremex shares last traded at C$3.80, with a volume of 47,551 shares trading hands.

Supremex Stock Performance

The stock's 50 day moving average price is C$3.98 and its 200 day moving average price is C$4.01. The company has a current ratio of 2.14, a quick ratio of 1.01 and a debt-to-equity ratio of 72.60. The company has a market cap of C$91.96 million, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.31 and a beta of 1.32.

Supremex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date was Thursday, December 5th. This is a positive change from Supremex's previous quarterly dividend of $0.04. Supremex's dividend payout ratio (DPR) is 36.36%.

About Supremex

(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.

Further Reading

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