Sappi (OTCMKTS:SPPJY) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Sappi Limited (OTCMKTS:SPPJY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.75 and traded as low as $2.29. Sappi shares last traded at $2.29, with a volume of 1,338 shares trading hands.

Sappi Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 1.50. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 6.02 and a beta of 1.01. The business has a fifty day moving average price of $2.73 and a 200 day moving average price of $2.75.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.14 EPS for the quarter. Sappi had a return on equity of 12.16% and a net margin of 4.13%. As a group, equities analysts forecast that Sappi Limited will post 0.57 earnings per share for the current year.

Sappi Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were issued a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s payout ratio is 26.32%.

Sappi Company Profile

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.