Supremex (TSE:SXP) Shares Cross Above 50 Day Moving Average – What’s Next?

Supremex Inc. (TSE:SXP) crossed above its fifty day moving average during trading on Friday. The stock has a fifty 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 Stock Up 5.0%

The company has a market capitalization of C$83.01 million, a P/E ratio of 6.90, a PEG ratio of 0.31 and a beta of 0.11. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 137.06. The stock has a 50 day moving average price of C$3.33 and a 200 day moving average price of C$3.58.

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

Supremex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders 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%.

Supremex Company Profile

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.