Supremex (TSE:SXP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Supremex Inc. (TSE:SXP) 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.

Supremex Stock Performance

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

Supremex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.33%. This is a boost from Supremex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, December 5th. Supremex’s dividend payout ratio is presently 36.36%.

Supremex Company Profile

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.