Sappi (OTCMKTS:SPPJY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

by · The Markets Daily

Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.65 and traded as low as $1.35. Sappi shares last traded at $1.35, with a volume of 11,500 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Report on SPPJY

Sappi Stock Performance

The stock’s 50 day moving average is $1.42 and its two-hundred day moving average is $1.65. The firm has a market capitalization of $755.87 million, a P/E ratio of 7.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.24 and a quick ratio of 0.62.

Sappi (OTCMKTS:SPPJY – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sappi had a net margin of 1.75% and a return on equity of 6.12%.

About Sappi

(Get Free Report)

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.

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