Sappi (OTCMKTS:SPPJY) Reaches New 12-Month Low – Here’s What Happened

Sappi Limited (OTCMKTS:SPPJY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.03 and last traded at $2.05, with a volume of 2705 shares changing hands. The stock had previously closed at $2.08.

Sappi Stock Performance

The stock’s 50-day moving average price is $2.42 and its 200 day moving average price is $2.68. The firm has a market cap of $974.23 million, a P/E ratio of 4.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.52 and a quick ratio of 0.76.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Sappi had a net margin of 4.13% and a return on equity of 12.14%.

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.