Sappi (OTCMKTS:SPPJY) Share Price Passes Below 200-Day Moving Average of $2.84

Sappi Limited (OTCMKTS:SPPJY – Get Rating)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.84 and traded as low as $2.45. Sappi shares last traded at $2.45, with a volume of 401 shares changing hands.

Sappi Trading Down 11.6 %

The business’s 50-day moving average is $2.87 and its two-hundred day moving average is $2.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.32 and a current ratio of 1.84. The stock has a market capitalization of $1.38 billion, a PE ratio of 2.31, a price-to-earnings-growth ratio of 0.16 and a beta of 1.22.

Sappi (OTCMKTS:SPPJY – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Sappi had a net margin of 8.31% and a return on equity of 34.92%. The firm had revenue of $1.66 billion for the quarter. As a group, equities research analysts anticipate that Sappi Limited will post 0.69 earnings per share for the current year.

Sappi Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, January 26th. Shareholders of record on Friday, January 13th were given a dividend of $0.1265 per share. The ex-dividend date of this dividend was Thursday, January 12th. This represents a dividend yield of 4.87%. Sappi’s payout ratio is currently 11.32%.

Sappi Company Profile

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Sappi Ltd. Is a holding company, which engages in the provision of wood-fiber based solutions. Its products include: Dissolving Pulp, Specialties and Packaging Papers, Printing and Writing Papers, and Forestry. The company was founded on December 17, 1936 and is headquartered in Johannesburg, South Africa.