Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume – Still a Buy?

Sappi Ltd. (OTCMKTS:SPPJY) saw unusually-strong trading volume on Friday . Approximately 10,500 shares changed hands during mid-day trading, an increase of 383% from the previous session’s volume of 2,175 shares.The stock last traded at $1.50 and had previously closed at $1.55.

Analysts Set New Price Targets

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Sappi Trading Down 1.0%

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.63. The stock has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.52. The stock has a market cap of $867.84 million, a PE ratio of -5.48, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%.

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.