Supremex (TSE:SXP) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Supremex Inc. (TSE:SXP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.84 and traded as high as C$3.85. Supremex shares last traded at C$3.80, with a volume of 32,779 shares.

Supremex Trading Down 1.3%

The company has a 50 day simple moving average of C$3.90 and a 200 day simple moving average of C$3.84. The company has a market capitalization of C$94.35 million, a PE ratio of -5.63, a price-to-earnings-growth ratio of 0.31 and a beta of 1.32. The company has a debt-to-equity ratio of 86.35, a quick ratio of 1.01 and a current ratio of 2.20.

Supremex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Thursday, June 5th. Supremex’s payout ratio is -23.70%.

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.