Sappi (OTCMKTS:SPPJY) Stock Crosses Below 200-Day Moving Average - Here's Why

Shares of Sappi Limited (OTCMKTS:SPPJY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.71 and traded as low as $2.30. Sappi shares last traded at $2.40, with a volume of 3,365 shares trading hands.

Sappi Trading Up 2.5 %

The business's 50-day moving average price is $2.55 and its 200-day moving average price is $2.71. The firm has a market capitalization of $1.40 billion, a PE ratio of 6.58 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.14 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.