Sappi (OTCMKTS:SPPJY) Shares Pass Below 200 Day Moving Average – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJYGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.00 and traded as low as $0.6355. Sappi shares last traded at $0.7044, with a volume of 19,796 shares traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on SPPJY

Sappi Stock Down 6.9%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The stock has a market capitalization of $425.87 million, a PE ratio of -0.63 and a beta of 0.59. The company has a 50 day moving average price of $0.73 and a 200-day moving average price of $1.00.

Sappi (OTCMKTS:SPPJYGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%. As a group, analysts forecast that Sappi Ltd. will post -0.19 earnings per share for the current fiscal year.

Sappi Company Profile

(Get Free Report)

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.

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