Sappi (OTCMKTS:SPPJY) Hits New 1-Year Low – Here’s What Happened

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

Sappi Stock Performance

The firm has a market cap of $1.37 billion, a PE ratio of 6.42 and a beta of 0.93. The firm has a fifty day moving average price of $2.56 and a 200 day moving average price of $2.71. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57.

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

Sappi Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.1082 dividend. The ex-dividend date of this dividend was Friday, January 10th. Sappi’s payout ratio is presently 26.32%.

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.