Sappi (OTCMKTS:SPPJY) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.77 and traded as low as $2.40. Sappi shares last traded at $2.58, with a volume of 1,848 shares.

Sappi Price Performance

The firm has a market cap of $1.44 billion, a PE ratio of 86.03 and a beta of 1.03. The firm's fifty day simple moving average is $2.83 and its two-hundred day simple moving average is $2.77. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60.

Sappi Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.1082 per share. The ex-dividend date is Friday, January 10th. Sappi's dividend payout ratio is presently 333.33%.

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.