Supremex (TSE:SXP) Shares Down 0.5% – Should You Sell?

Supremex Inc. (TSE:SXP) shares traded down 0.5% on Wednesday . The company traded as low as C$3.89 and last traded at C$3.91. 34,640 shares traded hands during trading, an increase of 44% from the average session volume of 24,019 shares. The stock had previously closed at C$3.93.

Supremex Price Performance

The stock has a market cap of C$99.13 million, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.31 and a beta of 1.32. The company has a current ratio of 2.14, a quick ratio of 1.01 and a debt-to-equity ratio of 72.60. The company’s fifty day simple moving average is C$4.07 and its 200-day simple moving average is C$4.00.

Supremex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 4.99%. This is a boost from Supremex’s previous quarterly dividend of $0.04. Supremex’s 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.