Sappi (OTCMKTS:SPPJY) Shares Gap Down – Here’s What Happened

Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $0.8535, but opened at $0.6793. Sappi shares last traded at $0.8275, with a volume of 2,760 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research 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”.

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Check Out Our Latest Stock Analysis on SPPJY

Sappi Stock Down 2.8%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The company has a market capitalization of $480.64 million, a P/E ratio of -0.72 and a beta of 0.55. The stock has a 50-day moving average price of $1.00 and a 200-day moving average price of $1.21.

Sappi (OTCMKTS:SPPJY – Get Free Report) last issued its quarterly earnings data 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 return on equity of 4.85% and a negative net margin of 12.70%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. On average, research analysts predict that Sappi Ltd. will post -0.18 EPS for the current fiscal year.

About Sappi

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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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