Sappi (OTCMKTS:SPPJY) Shares Cross Above 50-Day Moving Average – Here’s Why

Sappi Limited (OTCMKTS:SPPJY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.81 and traded as high as $3.00. Sappi shares last traded at $2.90, with a volume of 1,375 shares changing hands.

Sappi Stock Performance

The firm’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $2.79. The company has a market capitalization of $1.62 billion, a PE ratio of 96.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.55 and a quick ratio of 0.87.

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.