Sappi (OTCMKTS:SPPJY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sappi Limited (OTCMKTS:SPPJY)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.71 and traded as low as $2.30. Sappi shares last traded at $2.40, with a volume of 3,365 shares changing hands.

Sappi Price Performance

The business’s 50-day simple moving average is $2.55 and its 200 day simple moving average is $2.71. The company has a market capitalization of $1.40 billion, a P/E ratio of 6.58 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57.

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

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.