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

Key Points

• Sappi Ltd. shares fell below their 200-day moving average, trading at $1.60 compared to the moving average of $2.03.
• In their latest earnings report, Sappi reported a loss of $0.04 EPS, missing the consensus estimate by $0.07, with revenue of $1.32 billion against expectations of $1.35 billion.
• The company's market capitalization stands at $895.84 million with a P/E ratio of 9.41, indicating potential value for investors looking at financial metrics.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.03 and traded as low as $1.60. Sappi shares last traded at $1.60, with a volume of 1,282 shares trading hands.

Analysts Set New Price Targets

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, According to data from MarketBeat, Sappi currently has a consensus rating of "Sell".

Sappi Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.68 and a current ratio of 1.38. The firm's 50-day moving average price is $1.73 and its two-hundred day moving average price is $2.00. The firm has a market capitalization of $895.84 million, a price-to-earnings ratio of 9.41 and a beta of 0.76.

Sappi (OTCMKTS:SPPJY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The basic materials company reported ($0.04) EPS 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 analyst estimates of $1.35 billion. Sappi had a net margin of 1.75% and a return on equity of 6.09%.

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.