Sappi (OTCMKTS:SPPJY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Sappi Limited (OTCMKTS:SPPJY)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 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 Price Performance

The stock has a market cap of $1.62 billion, a PE ratio of 96.70 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $2.81 and its two-hundred day moving average price is $2.79.

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.