Sappi (OTCMKTS:SPPJY) Shares Gap Down – Time to Sell?

by · The Markets Daily

Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $0.8535, but opened at $0.6793. Sappi shares last traded at $0.8275, with a volume of 2,760 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sappi currently has a consensus rating of “Hold”.

Read Our Latest Analysis on SPPJY

Sappi Stock Down 9.6%

The firm has a fifty day moving average price of $1.00 and a 200 day moving average price of $1.21. The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The company has a market cap of $453.44 million, a P/E ratio of -0.68 and a beta of 0.55.

Sappi (OTCMKTS:SPPJY – Get Free Report) last announced its earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%. Equities research analysts forecast that Sappi Ltd. will post -0.18 earnings per share for the current year.

Sappi Company Profile

(Get Free Report)

Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.

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