Sappi (OTCMKTS:SPPJY) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Sappi Limited (OTCMKTS:SPPJY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.75 and traded as low as $2.29. Sappi shares last traded at $2.29, with a volume of 1,338 shares.

Sappi Price Performance

The firm has a market capitalization of $1.49 billion, a P/E ratio of 7.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.87. The stock's fifty day simple moving average is $2.72 and its 200 day simple moving average is $2.74.

Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its earnings results 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 12.16%. On average, equities research analysts predict that Sappi Limited will post 0.57 EPS for the current year.

Sappi Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi's dividend payout ratio is presently 26.32%.

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.