Sappi (OTCMKTS:SPPJY) Stock Price Passes Below 200 Day Moving Average of $2.83

Sappi Limited (OTCMKTS:SPPJY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.83 and traded as low as $2.13. Sappi shares last traded at $2.13, with a volume of 650 shares traded.

Several research firms have recently weighed in on SPPJY. Zacks Investment Research cut shares of Sappi from a “buy” rating to a “sell” rating in a report on Saturday, November 23rd. ValuEngine upgraded shares of Sappi from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

The firm’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $2.83. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1.31 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. Sappi had a net margin of 2.74% and a return on equity of 9.62%. The business had revenue of $1.30 billion during the quarter. On average, equities research analysts forecast that Sappi Limited will post 0.4 earnings per share for the current year.

About Sappi (OTCMKTS:SPPJY)

Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.

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