Sappi (OTCMKTS:SPPJY) Stock Price Up 8.5% – Still a Buy?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) were up 8.5% during trading on Friday . The company traded as high as $1.40 and last traded at $1.40. Approximately 2,324 shares changed hands during trading, a decline of 61% from the average daily volume of 5,964 shares. The stock had previously closed at $1.29.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sappi to a “strong sell” rating in a report on Friday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Sappi has an average rating of “Sell”.

Sappi Stock Performance

The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 0.63. The firm has a market cap of $783.86 million, a price-to-earnings ratio of 8.24 and a beta of 0.87. The stock has a 50 day moving average of $1.57 and a 200 day moving average of $1.77.

Sappi (OTCMKTS:SPPJY) last issued its earnings results on Thursday, August 7th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.07). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. Sappi had a return on equity of 6.12% and a net margin of 1.75%.

Sappi Company Profile

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.