Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.94 and traded as high as $1.95. Sappi shares last traded at $1.88, with a volume of 15,277 shares trading hands.
Sappi Price Performance
The stock's 50-day moving average is $1.93 and its 200 day moving average is $2.32. 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 stock has a market capitalization of $1.04 billion, a PE ratio of 6.17, a P/E/G ratio of 1.59 and a beta of 0.76.
Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its quarterly 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 firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion.
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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