Sappi (OTCMKTS:SPPJY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.46 and traded as low as $1.15. Sappi shares last traded at $1.15, with a volume of 1,397 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sappi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Sappi Stock Down 1.3%

The company’s fifty day moving average is $1.43 and its 200-day moving average is $1.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 1.20.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Sappi had a negative return on equity of 2.32% and a negative net margin of 5.31%.The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.34 billion.

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.