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Sappi (OTCMKTS:SPPJY) Share Price Passes Below 200-Day Moving Average - Here's Why

Sappi logo with Basic Materials background

Sappi Limited (OTCMKTS:SPPJY - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.62 and traded as low as $2.03. Sappi shares last traded at $2.03, with a volume of 263 shares.

Sappi Price Performance

The stock has a market cap of $1.13 billion, a PE ratio of 5.33 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 1.52. The business has a 50 day moving average price of $2.25 and a two-hundred day moving average price of $2.60.

Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share for the quarter. Sappi had a return on equity of 12.14% and a net margin of 4.13%.

Sappi Company Profile

(Get Free Report)

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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