Sappi (OTCMKTS:SPPJY) Shares Gap Up – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJYGet Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $0.7791, but opened at $0.83. Sappi shares last traded at $0.83, with a volume of 305 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sappi presently has a consensus rating of “Hold”.

Get Our Latest Stock Report on SPPJY

Sappi Price Performance

The stock has a market cap of $501.80 million, a P/E ratio of -0.61 and a beta of 0.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.70 and a current ratio of 1.27. The firm has a 50-day moving average price of $0.83 and a 200-day moving average price of $0.90.

Sappi Company Profile

(Get Free Report)

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

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.