Sappi (OTCMKTS:SPPJY) Sees Strong Trading Volume – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJYGet Free Report) saw unusually-high trading volume on Monday . Approximately 43,871 shares were traded during trading, an increase of 438% from the previous session’s volume of 8,161 shares.The stock last traded at $0.90 and had previously closed at $0.9390.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on SPPJY

Sappi Price Performance

The stock has a market capitalization of $544.12 million, a PE ratio of -0.81 and a beta of 0.61. 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 stock’s 50 day moving average is $1.06 and its two-hundred day moving average is $1.26.

Sappi (OTCMKTS:SPPJYGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.61%. As a group, sell-side analysts forecast that Sappi Ltd. will post -0.14 earnings per share for the current fiscal year.

About Sappi

(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.

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