Sappi (OTCMKTS:SPPJY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Sappi Limited (OTCMKTS:SPPJY)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.77 and traded as low as $2.53. Sappi shares last traded at $2.90, with a volume of 4,844 shares trading hands.

Sappi Price Performance

The firm has a market capitalization of $1.62 billion, a P/E ratio of 96.70 and a beta of 1.03. The firm has a 50 day moving average price of $2.77 and a 200-day moving average price of $2.77. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $1.46 billion during the quarter. Sappi had a return on equity of 11.55% and a net margin of 0.60%. On average, analysts expect that Sappi Limited will post 0.57 earnings per share for the current year.

Sappi Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were issued a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s payout ratio is 333.33%.

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.