Sappi Limited (OTCMKTS:SPPJY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.
Sappi Stock Up 6.2%
The stock has a market cap of $1.15 billion, a PE ratio of 5.42 and a beta of 0.84. 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 business has a 50-day moving average price of $1.92 and a 200-day moving average price of $2.38.
Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its earnings results on Thursday, May 8th. The basic materials company reported $0.01 earnings per share (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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion.
About Sappi
(
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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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