Sappi (OTCMKTS:SPPJY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.
Sappi Stock Down 3.1%
Shares of SPPJY opened at $0.63 on Monday. The stock’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $1.11. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $380.89 million, a PE ratio of -0.57 and a beta of 0.55. Sappi has a 12 month low of $0.63 and a 12 month high of $1.89.
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 for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. On average, analysts anticipate that Sappi will post -0.2 EPS for the current 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.
Further Reading
- Five stocks we like better than Sappi
- Short Squeeze Alert—Moderna Stock Surges on New Strategy
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
Receive News & Ratings for Sappi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sappi and related companies with MarketBeat.com's FREE daily email newsletter.
