Sappi (OTCMKTS:SPPJY) Shares Gap Up – Time to Buy?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) gapped up before the market opened on Friday . The stock had previously closed at $1.3210, but opened at $1.4050. Sappi shares last traded at $1.4050, with a volume of 169 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sappi currently has a consensus rating of “Hold”.

Sappi Stock Performance

The company’s 50 day simple moving average is $1.35 and its 200 day simple moving average is $1.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24. The stock has a market cap of $786.66 million, a PE ratio of -5.02, a price-to-earnings-growth ratio of 0.12 and a beta of 0.65.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a positive return on equity of 1.76% and a negative net margin of 3.27%.

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.