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

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.90 and traded as low as $0.7791. Sappi shares last traded at $0.7791, with a volume of 135 shares changing hands.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Sappi Stock Performance

The stock has a market capitalization of $501.80 million, a P/E ratio of -0.61 and a beta of 0.62. 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 business’s 50 day simple moving average is $0.83 and its 200-day simple moving average is $0.90.

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.