Sappi (OTCMKTS:SPPJY) Hits New 52-Week Low – Here’s What Happened

Shares of Sappi Limited (OTCMKTS:SPPJY) reached a new 52-week low on Tuesday . The stock traded as low as $2.25 and last traded at $2.40, with a volume of 4501 shares traded. The stock had previously closed at $2.50.

Sappi Stock Performance

The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.71. The stock has a market capitalization of $1.24 billion, a P/E ratio of 5.84 and a beta of 0.93.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Sappi had a return on equity of 12.14% and a net margin of 4.13%.

About Sappi

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.