Supremex (TSE:SXP) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Supremex Inc. (TSE:SXP) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$3.64 and traded as low as C$3.51. Supremex shares last traded at C$3.51, with a volume of 2,354 shares.

Supremex Stock Performance

The company has a debt-to-equity ratio of 137.06, a current ratio of 1.83 and a quick ratio of 1.00. The firm has a fifty day simple moving average of C$3.61 and a 200 day simple moving average of C$3.63. The company has a market capitalization of C$74.17 million, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.31 and a beta of 0.19.

Supremex (TSE:SXP) last announced its earnings results on Friday, July 31st. The company reported C$0.06 earnings per share for the quarter. Supremex had a return on equity of 11.20% and a net margin of 4.27%.The business had revenue of C$71.56 million during the quarter. On average, analysts anticipate that Supremex Inc. will post 0.7454874 earnings per share for the current fiscal year.

Supremex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, September 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, August 27th. Supremex’s payout ratio is presently 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.