Sappi (OTCMKTS:SPPJY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Sappi Limited (OTCMKTS:SPPJY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.77 and traded as low as $2.40. Sappi shares last traded at $2.58, with a volume of 1,848 shares traded.

Sappi Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 1.50. The stock’s 50 day moving average price is $2.83 and its 200 day moving average price is $2.77. The company has a market capitalization of $1.44 billion, a P/E ratio of 86.03 and a beta of 1.03.

Sappi Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be given a $0.1082 dividend. The ex-dividend date is Friday, January 10th. Sappi’s dividend payout ratio (DPR) is presently 333.33%.

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.