Sappi (OTCMKTS:SPPJY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Sappi (OTCMKTS:SPPJY) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Sappi Price Performance

Shares of SPPJY stock traded up $0.07 during mid-day trading on Monday, hitting $1.13. The company had a trading volume of 2,000 shares, compared to its average volume of 6,271. Sappi has a 52-week low of $0.90 and a 52-week high of $2.25. The stock’s 50 day moving average price is $1.09 and its 200-day moving average price is $1.29. 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 company has a market capitalization of $683.18 million, a P/E ratio of -2.46 and a beta of 0.69.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Sappi had a negative net margin of 5.31% and a negative return on equity of 2.34%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.34 billion.

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.