Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.15 and traded as low as $1.64. Sappi shares last traded at $1.72, with a volume of 17,204 shares trading hands.
Sappi Trading Down 6.5%
The firm's 50 day simple moving average is $1.84 and its 200-day simple moving average is $2.14. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $988.22 million, a PE ratio of 5.88, a P/E/G ratio of 2.55 and a beta of 0.75.
Sappi (OTCMKTS:SPPJY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Sappi had a return on equity of 9.35% and a net margin of 3.25%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion.
Sappi Company Profile
(
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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.
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