Sappi (OTCMKTS:SPPJY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Sappi Ltd. (OTCMKTS:SPPJY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.03 and traded as low as $0.72. Sappi shares last traded at $0.78, with a volume of 132,782 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Sappi from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Sappi Trading Down 1.8%

The company has a market cap of $471.57 million, a price-to-earnings ratio of -0.70 and a beta of 0.59. The business’s fifty day moving average price is $0.76 and its 200 day moving average price is $1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%.The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. Research analysts anticipate that Sappi Ltd. will post -0.2 earnings per share for the current fiscal year.

About Sappi

Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.