Sappi (OTCMKTS:SPPJY) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.38 and traded as low as $1.94. Sappi shares last traded at $2.06, with a volume of 13,500 shares changing hands.

Sappi Stock Up 0.6%

The business's fifty day simple moving average is $1.92 and its 200 day simple moving average is $2.36. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 5.46 and a beta of 0.76.

Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Sappi had a net margin of 4.13% and a return on equity of 12.14%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion.

Sappi Company Profile

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.