Supreme (LON:SUP) Shares Down 1.2%

Supreme Plc (LON:SUPGet Rating)’s stock price was down 1.2% on Thursday . The company traded as low as GBX 85 ($1.03) and last traded at GBX 85 ($1.03). Approximately 83,038 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 313,859 shares. The stock had previously closed at GBX 86 ($1.04).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 ($2.05) price objective on shares of Supreme in a research report on Tuesday, August 9th.

Supreme Trading Down 1.2 %

The stock has a market cap of £99.13 million and a price-to-earnings ratio of 772.73. The firm’s 50 day moving average is GBX 96.38 and its two-hundred day moving average is GBX 127.23. The company has a quick ratio of 0.88, a current ratio of 1.95 and a debt-to-equity ratio of 24.64.

Supreme Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 1st will be given a GBX 3.80 ($0.05) dividend. This is a boost from Supreme’s previous dividend of $2.20. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 3.02%. Supreme’s dividend payout ratio is 20.00%.

Insiders Place Their Bets

In other news, insider Paul Andrew McDonald bought 7,500 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was purchased at an average price of GBX 103 ($1.24) per share, for a total transaction of £7,725 ($9,334.22). In related news, insider Paul Andrew McDonald acquired 7,500 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was acquired at an average cost of GBX 103 ($1.24) per share, for a total transaction of £7,725 ($9,334.22). Also, insider Sandeep Chadha acquired 500,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was bought at an average price of GBX 83 ($1.00) per share, with a total value of £415,000 ($501,449.98). In the last 90 days, insiders bought 757,500 shares of company stock worth $66,772,500.

About Supreme

(Get Rating)

Supreme Plc supplies and distributes a range of consumer goods in the United Kingdom and internationally. It operates through Batteries; Lighting; Vaping; Sports Nutrition & Wellness; and Branded Household Consumer Goods segments. The company offers consumer batteries; lighting, energy-saving bulbs, private label lighting, LED light fittings, lamps and light fittings, and point of sale display solutions; sports nutrition and wellness products; smart home LED technology solutions; and custom floor, counter and pallet display stands.

Further Reading

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