Sappi (OTCMKTS:SPPJY) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

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 $0.86 and traded as low as $0.8177. Sappi shares last traded at $0.8177, with a volume of 735 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Sappi currently has an average rating of “Hold”.

Sappi Stock Performance

The firm has a market capitalization of $483.66 million, a PE ratio of -0.59, a P/E/G ratio of 0.29 and a beta of 0.62. The business has a 50 day moving average price of $0.87 and a 200-day moving average price of $0.85. The company has a current ratio of 1.27, a quick ratio of 0.66 and a debt-to-equity ratio of 0.94.

About Sappi

Sappi Limited is a global diversified woodfibre group that produces and sells paper, pulp and related biomaterials. The company serves customers across the packaging, publishing, commercial printing, textile and industrial markets.

Its products include graphic papers for books, magazines, catalogs and office applications; packaging and speciality papers for food, beverage, consumer goods and industrial uses; and dissolving pulp used in textiles, nonwoven materials and other cellulose-based products.