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

Shares of Sappi Ltd. (OTCMKTS:SPPJYGet 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

The company’s 50 day moving average is $1.07 and its 200 day moving average is $1.27. The company has a market cap of $604.58 million, a PE ratio of -2.17 and a beta of 0.61. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.

Sappi (OTCMKTS:SPPJYGet 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

(Get Free Report)

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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