Sappi Limited (OTCMKTS:SPPJY - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.74 and traded as low as $2.48. Sappi shares last traded at $2.48, with a volume of 303 shares.
Sappi Price Performance
The company has a market capitalization of $1.37 billion, a PE ratio of 6.43 and a beta of 1.01. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $2.74.
Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share for the quarter. Sappi had a return on equity of 12.14% and a net margin of 4.13%.
Sappi Cuts Dividend
The company also recently announced 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 of this dividend was Friday, January 10th. Sappi's payout ratio is currently 26.32%.
Sappi Company Profile
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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.
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