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

Sappi Ltd. (OTCMKTS:SPPJY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.09, but opened at $1.0024. Sappi shares last traded at $1.0024, with a volume of 5,577 shares trading hands.

Analyst Ratings Changes

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

Sappi Trading Up 5.5%

The company has a 50 day moving average of $1.06 and a 200 day moving average of $1.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 1.18. The stock has a market capitalization of $567.70 million, a price-to-earnings ratio of -0.85 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.61% and a negative net margin of 12.70%.The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. On average, research analysts predict that Sappi Ltd. will post -0.11 EPS for the current fiscal year.

Sappi Company Profile

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.