Sappi (OTCMKTS:SPPJY) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sappi to a “strong sell” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Sappi Stock Down 8.0%

The firm has a market cap of $715.83 million, a price-to-earnings ratio of 7.52 and a beta of 0.87. The business’s 50 day moving average price is $1.54 and its 200 day moving average price is $1.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.35 billion. Sappi had a return on equity of 6.12% and a net margin of 1.75%.

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.