Sappi (OTCMKTS:SPPJY) Sees Strong Trading Volume – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJY) saw unusually-strong trading volume on Wednesday . 26,900 shares traded hands during mid-day trading, an increase of 118% from the previous session’s volume of 12,336 shares.The stock last traded at $0.9599 and had previously closed at $0.9366.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sappi Trading Up 2.5%

The firm has a market cap of $580.34 million, a PE ratio of -0.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The stock has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $0.93.

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.