Sappi (OTCMKTS:SPPJY) Shares Gap Up – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY) gapped up before the market opened on Monday . The stock had previously closed at $0.9439, but opened at $1.09. Sappi shares last traded at $1.09, with a volume of 1,000 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Sappi Trading Up 9.0%

The stock’s fifty day simple moving average is $1.07 and its two-hundred day simple moving average is $1.27. The firm has a market cap of $658.99 million, a PE ratio of -2.37 and a beta of 0.61. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 0.65.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a negative return on equity of 2.34% and a negative net margin of 5.31%. On average, sell-side analysts forecast that Sappi Ltd. will post -0.11 EPS 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.