Shares of Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.74 and traded as low as $1.28. Sappi shares last traded at $1.28, with a volume of 2,688 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Sappi to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".
Check Out Our Latest Research Report on SPPJY
Sappi Stock Down 8.0%
The stock has a market capitalization of $715.83 million, a PE ratio of 7.52 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 0.63. The company's 50-day moving average is $1.54 and its 200 day moving average is $1.74.
Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.07). The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Sappi had a net margin of 1.75% and a return on equity of 6.12%.
About Sappi
(
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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