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

Shares of Sappi Limited (OTCMKTS:SPPJY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.72 and traded as low as $2.36. Sappi shares last traded at $2.36, with a volume of 750 shares traded.

Sappi Price Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.52 and a quick ratio of 0.76. The business’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $2.72. The company has a market capitalization of $1.32 billion, a PE ratio of 6.21 and a beta of 0.93.

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

Sappi Cuts Dividend

The company also recently announced 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 dividend payout ratio (DPR) is presently 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.