Sappi (OTCMKTS:SPPJY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.88 and traded as low as $0.7643. Sappi shares last traded at $0.7643, with a volume of 1,500 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sappi Stock Performance

The firm has a market capitalization of $462.08 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of 0.29 and a beta of 0.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 1.27. The stock’s fifty day moving average is $0.87 and its two-hundred day moving average is $0.88.

About Sappi

Sappi Limited is a global diversified woodfibre company that produces and sells paper, pulp and related biomaterials. Its portfolio includes graphic papers, packaging and specialty papers, and dissolving pulp used in products such as textiles, cellophane and other cellulose-based materials.

The company serves customers in publishing, commercial printing, packaging, labeling, food and beverage, consumer products, and industrial markets. Sappi also develops renewable, fibre-based alternatives and speciality cellulose products designed for applications that traditionally rely on fossil-based or non-renewable materials.

Founded in South Africa in 1936 as South African Pulp and Paper Industries, the company adopted the Sappi name in 1973 and expanded internationally through acquisitions and the development of manufacturing operations.