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Sappi (OTCMKTS:SPPJY) Trading 1% Higher - Here's What Happened

Sappi logo with Basic Materials background

Sappi Limited (OTCMKTS:SPPJY - Get Free Report)'s stock price was up 1% during trading on Monday . The company traded as high as $2.91 and last traded at $2.91. Approximately 1,624 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 3,439 shares. The stock had previously closed at $2.88.

Sappi Price Performance

The firm has a market capitalization of $1.63 billion, a PE ratio of 96.97 and a beta of 1.05. The business's 50 day simple moving average is $2.85 and its 200 day simple moving average is $2.78. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

About Sappi

(Get Free Report)

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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