Supremex (TSE:SXP) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Supremex Inc. (TSE:SXP)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.97 and traded as low as C$3.56. Supremex shares last traded at C$3.56, with a volume of 21,985 shares changing hands.

Supremex Price Performance

The business’s 50-day simple moving average is C$3.77 and its two-hundred day simple moving average is C$3.97. The firm has a market cap of C$88.00 million, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.31 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 1.01 and a debt-to-equity ratio of 72.60.

Supremex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This is a positive change from Supremex’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 5.62%. Supremex’s dividend payout ratio (DPR) is 36.36%.

About Supremex

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.