Sappi (OTCMKTS:SPPJY) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Sappi Limited (OTCMKTS:SPPJY) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.38 and traded as low as $1.94. Sappi shares last traded at $2.06, with a volume of 13,500 shares.

Sappi Trading Up 6.2%

The stock has a market cap of $1.15 billion, a P/E ratio of 5.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.52 and a quick ratio of 0.76. The business’s 50 day simple moving average is $1.92 and its 200 day simple moving average is $2.38.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. Sappi had a return on equity of 12.14% and a net margin of 4.13%.

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.