Shares of Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) saw strong trading volume on Thursday . 165,333 shares changed hands during mid-day trading, an increase of 2,757% from the previous session’s volume of 5,786 shares.The stock last traded at $0.95 and had previously closed at $0.9439.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of 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.com, the company has an average rating of “Hold”.
Get Our Latest Stock Report on Sappi
Sappi Price Performance
Sappi (OTCMKTS:SPPJY – Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a negative net margin of 5.31% and a negative return on equity of 2.34%. As a group, analysts predict that Sappi Ltd. will post -0.11 earnings per share for the current fiscal year.
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.
Further Reading
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