Sappi (OTCMKTS:SPPJY) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Sappi Limited (OTCMKTS:SPPJY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.78 and traded as low as $2.76. Sappi shares last traded at $2.76, with a volume of 200 shares trading hands.

Sappi Stock Performance

The company has a current ratio of 1.55, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $2.78.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.09 EPS for the quarter. The business had revenue of $1.37 billion for the quarter. Sappi had a negative net margin of 1.60% and a positive return on equity of 6.21%. On average, research analysts expect that Sappi Limited will post 0.36 EPS for the current fiscal year.

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.