Sappi (OTCMKTS:SPPJY) Sets New 52-Week Low – Here’s Why

Sappi Limited (OTCMKTS:SPPJY) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.28 and last traded at $2.44, with a volume of 1820 shares trading hands. The stock had previously closed at $2.40.

Sappi Price Performance

The stock has a market capitalization of $1.37 billion, a PE ratio of 6.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.52 and a quick ratio of 0.76. The stock’s fifty day moving average is $2.56 and its 200-day moving average is $2.71.

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

Sappi Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.1082 per share. The ex-dividend date of this dividend was Friday, January 10th. Sappi’s payout ratio is currently 26.32%.

Sappi Company Profile

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.