Sappi (OTCMKTS:SPPJY) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.13 and traded as low as $0.63. Sappi shares last traded at $0.65, with a volume of 53,500 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Sappi Stock Performance

The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average price of $0.88 and a 200-day moving average price of $1.13. The firm has a market cap of $392.98 million, a price-to-earnings ratio of -0.59 and a beta of 0.55.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. On average, analysts expect that Sappi Ltd. will post -0.2 earnings per share for the current fiscal year.

About Sappi

Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.