Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 6,999 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 9,325 shares.The stock last traded at $0.90 and had previously closed at $0.9056.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Sappi Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.55. The firm has a 50-day moving average of $1.04 and a 200-day moving average of $1.23. The stock has a market cap of $544.12 million, a PE ratio of -0.81 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY – Get Free Report) last released its earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.61% and a negative net margin of 12.70%.The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Research analysts predict that Sappi Ltd. will post -0.14 EPS for the current year.

About Sappi

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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.

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