Sappi (OTCMKTS:SPPJY) Stock Price Down 3% - Should You Sell?

Shares of Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) dropped 3% during trading on Thursday . The company traded as low as $1.78 and last traded at $1.78. Approximately 632 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,558 shares. The stock had previously closed at $1.83.

Sappi Stock Performance

The stock has a 50-day moving average of $1.90 and a 200 day moving average of $2.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 0.68. The stock has a market capitalization of $993.82 million, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 2.57 and a beta of 0.75.

Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its earnings results on Thursday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.38 billion.

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.