Sappi (OTCMKTS:SPPJY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Sappi Limited (OTCMKTS:SPPJY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.74 and traded as low as $2.48. Sappi shares last traded at $2.48, with a volume of 303 shares.

Sappi Price Performance

The firm has a market capitalization of $1.37 billion, a P/E ratio of 6.43 and a beta of 1.01. The business has a fifty day moving average of $2.68 and a 200-day moving average of $2.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 1.52.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Sappi had a return on equity of 12.14% and a net margin of 4.13%.

Sappi Cuts Dividend

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

About Sappi

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.