Sappi (OTCMKTS:SPPJY) Stock Crosses Below 200-Day Moving Average – Here’s Why

Sappi Limited (OTCMKTS:SPPJY)’s stock price passed 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 changing hands.

Sappi Stock Performance

The stock has a 50 day simple moving average of $2.73 and a 200 day simple moving average of $2.75. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 6.02 and a beta of 1.01.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.14 EPS for the quarter. Sappi had a return on equity of 12.16% and a net margin of 4.13%. As a group, 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. Stockholders of record on Friday, January 10th were paid a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio (DPR) 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.