Sappi (OTCMKTS:SPPJY) Stock Price Up 10.1% – Still a Buy?
by Tristan Rich · The Markets DailySappi Ltd. (OTCMKTS:SPPJY – Get Free Report) rose 10.1% during trading on Wednesday . The company traded as high as $1.53 and last traded at $1.53. Approximately 125 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 6,111 shares. The stock had previously closed at $1.39.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Sappi
Sappi Price Performance
The company has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.56. The stock has a market capitalization of $856.65 million, a price-to-earnings ratio of -5.46, a PEG ratio of 0.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 1.20.
Sappi (OTCMKTS:SPPJY – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sappi had a positive return on equity of 1.78% and a negative net margin of 3.27%.
About Sappi
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.