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

Shares of Sappi Ltd. (OTCMKTS:SPPJY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.13 and traded as low as $0.63. Sappi shares last traded at $0.65, with a volume of 53,500 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sappi has a consensus rating of “Hold”.

Sappi Trading Down 3.0%

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 company’s 50 day moving average is $0.88 and its two-hundred day moving average is $1.13. The firm has a market cap of $392.98 million, a P/E ratio of -0.59 and a beta of 0.55.

Sappi (OTCMKTS:SPPJY) last posted its earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. On average, sell-side analysts predict that Sappi Ltd. will post -0.2 earnings per share for the current year.

Sappi Company Profile

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.