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

Sappi Ltd. (OTCMKTS:SPPJY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.65 and traded as low as $1.35. Sappi shares last traded at $1.35, with a volume of 11,500 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Sappi Stock Performance

The stock has a market capitalization of $727.87 million, a PE ratio of 7.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24. The firm’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.65.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Sappi had a return on equity of 6.12% and a net margin of 1.75%.The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.34 billion.

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.