Supreme (LON:SUP) Shares Down 3.3% – Should You Sell?

Shares of Supreme Plc (LON:SUP) traded down 3.3% during mid-day trading on Monday . The stock traded as low as GBX 180 ($2.20) and last traded at GBX 181.71 ($2.22). 140,043 shares changed hands during trading, a decline of 38% from the average session volume of 224,671 shares. The stock had previously closed at GBX 188 ($2.30).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Supreme in a research report on Monday, December 2nd.

Supreme Price Performance

The firm has a market capitalization of £205.78 million, a P/E ratio of 980.56 and a beta of 1.13. The business’s 50-day simple moving average is GBX 172.37 and its 200 day simple moving average is GBX 172.79. The company has a quick ratio of 0.98, a current ratio of 2.11 and a debt-to-equity ratio of 25.39.

Supreme Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 5th were paid a GBX 1.80 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 1.03%. Supreme’s dividend payout ratio (DPR) is 2,777.78%.

About Supreme

Supreme supplies products across six categories; Batteries, Lighting, Vaping, Sports Nutrition and Wellness, Branded Distribution and Soft Drinks. The Company’s capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities.