Supremex (TSE:SXP) Shares Pass Above Two Hundred Day Moving Average of $5.62

Supremex Inc. (TSE:SXP – Get Rating)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.62 and traded as high as C$6.35. Supremex shares last traded at C$6.14, with a volume of 59,701 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Cormark set a C$9.15 price target on Supremex and gave the company a “buy” rating in a report on Tuesday, January 17th.

Supremex Price Performance

The firm’s 50 day simple moving average is C$6.82 and its two-hundred day simple moving average is C$5.62. The company has a debt-to-equity ratio of 70.87, a current ratio of 2.08 and a quick ratio of 1.01. The firm has a market capitalization of C$159.52 million, a P/E ratio of 5.74, a P/E/G ratio of 0.31 and a beta of 1.34.

Supremex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Stockholders of record on Friday, April 7th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, March 22nd. This is a positive change from Supremex’s previous quarterly dividend of $0.03. Supremex’s dividend payout ratio is 13.08%.

Supremex Company Profile

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Supremex Inc manufactures and markets envelopes, and paper packaging solutions and specialty products to corporations, resellers, government entities, SMEs, and solutions providers in Canada, and the Northeastern and Midwestern United States. The company offers a range of stock and custom envelopes in various styles, shapes, and colors; corrugated boxes, and folding carton and e-Commerce fulfillment packaging solutions; polyethylene bags for courier applications and bubble mailers.