Sappi (OTCMKTS:SPPJY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.61 and traded as low as $1.3210. Sappi shares last traded at $1.3210, with a volume of 1,673 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Sappi Stock Performance

The stock has a fifty day simple moving average of $1.36 and a two-hundred day simple moving average of $1.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24. The stock has a market cap of $739.63 million, a price-to-earnings ratio of 7.77 and a beta of 0.85.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sappi had a return on equity of 6.12% and a net margin of 1.75%.

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.