Sappi (OTCMKTS:SPPJY) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $1.41, but opened at $1.30. Sappi shares last traded at $1.44, with a volume of 2,300 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Check Out Our Latest Analysis on SPPJY

Sappi Price Performance

The firm has a market cap of $806.26 million, a PE ratio of -5.14, a P/E/G ratio of 0.14 and a beta of 0.65. The stock’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 1.20.

Sappi (OTCMKTS:SPPJY – Get Free Report) last issued its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). Sappi had a positive return on equity of 1.78% and a negative net margin of 3.27%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.34 billion.

Sappi Company Profile

(Get Free Report)

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.

Read More