Sappi (OTCMKTS:SPPJY) Share Price Crosses Below Two Hundred Day Moving Average of $2.83

Shares of Sappi Limited (OTCMKTS:SPPJY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.83 and traded as low as $2.13. Sappi shares last traded at $2.13, with a volume of 650 shares trading hands.

SPPJY has been the subject of a number of analyst reports. ValuEngine upgraded Sappi from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research downgraded Sappi from a “buy” rating to a “sell” rating in a research note on Saturday, November 23rd.

The business has a 50 day moving average price of $2.80 and a two-hundred day moving average price of $2.83. The stock has a market cap of $1.31 billion, a PE ratio of 7.89, a P/E/G ratio of 0.45 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 1.51.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Wednesday, February 5th. The basic materials company reported $0.06 earnings per share for the quarter. Sappi had a return on equity of 9.62% and a net margin of 2.74%. The firm had revenue of $1.30 billion for the quarter. As a group, research analysts anticipate that Sappi Limited will post 0.4 earnings per share for the current year.

Sappi Company Profile (OTCMKTS:SPPJY)

Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.

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