Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.95 and traded as low as $1.73. Sappi shares last traded at $1.73, with a volume of 300 shares changing hands.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Sappi to a "strong sell" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sappi presently has an average rating of "Sell".
Read Our Latest Research Report on Sappi
Sappi Price Performance
The company has a current ratio of 1.24, a quick ratio of 0.68 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $940.63 million, a PE ratio of 9.88 and a beta of 0.83. The stock's 50-day moving average is $1.70 and its two-hundred day moving average is $1.93.
Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.07). The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Sappi had a return on equity of 6.12% and a net margin of 1.75%.
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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