Sappi (OTCMKTS:SPPJY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.61 and traded as low as $1.3210. Sappi shares last traded at $1.3210, with a volume of 1,673 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sappi Trading Down 3.4%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24. The business has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.61. The stock has a market capitalization of $739.63 million, a price-to-earnings ratio of 7.77 and a beta of 0.85.

Sappi (OTCMKTS:SPPJY) last posted its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Sappi had a return on equity of 6.12% and a net margin of 1.75%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.34 billion.

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.