Supreme (LON:SUP) Shares Down 0.7% – Here’s What Happened

Shares of Supreme Plc (LON:SUP) dropped 0.7% during trading on Tuesday . The stock traded as low as GBX 135 and last traded at GBX 141. Approximately 241,819 shares were traded during mid-day trading, an increase of 15% from the average session volume of 210,541 shares. The stock had previously closed at GBX 142.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Supreme in a research report on Wednesday, July 1st.

Supreme Stock Performance

The company has a debt-to-equity ratio of 16.76, a quick ratio of 0.98 and a current ratio of 1.62. The firm’s fifty day moving average price is GBX 142.73 and its 200 day moving average price is GBX 144.79. The firm has a market cap of £165.42 million, a P/E ratio of 9.40 and a beta of 1.03.

Supreme (LON:SUP) last issued its quarterly earnings data on Wednesday, July 1st. The company reported GBX 18.90 earnings per share (EPS) for the quarter. Supreme had a net margin of 6.68% and a return on equity of 21.11%. Sell-side analysts expect that Supreme Plc will post 18.8894472 EPS for the current fiscal year.

Insider Activity

In related news, insider Sandeep Chadha purchased 500,000 shares of Supreme stock in a transaction dated Monday, July 20th. The stock was purchased at an average cost of GBX 132 per share, with a total value of £660,000. Corporate insiders own 54.83% of the company’s stock.

About Supreme

Supreme supplies products across three operating divisions: Vaping (previously known as ‘Vaping’ and ‘Branded Distribution’), Drinks & Wellness (‘Sports Nutrition & Wellness’ combined with Typhoo Tea, Clearly Drinks and the newly acquired SlimFast brand), and Electricals & Household (previously ‘Batteries’ and ‘Lighting’, also including the recently acquired 1001 cleaning brand). The Company’s capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities.