Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) shares saw an uptick in trading volume on Friday . 20,000 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 9,260 shares.The stock last traded at $0.84 and had previously closed at $0.83.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on SPPJY
Sappi Stock Performance
Sappi (OTCMKTS:SPPJY – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) 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 4.61%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. As a group, research analysts predict that Sappi Ltd. will post -0.18 earnings per share for the current fiscal 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.
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