Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report)’s share price rose 31.4% during mid-day trading on Friday . The stock traded as high as $0.94 and last traded at $0.94. 1,100 shares changed hands during trading, a decline of 91% from the average session volume of 12,633 shares. The stock had previously closed at $0.7152.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised 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 currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Sappi
Sappi Price Performance
Sappi (OTCMKTS:SPPJY – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%.The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Equities research analysts predict that Sappi Ltd. will post -0.19 earnings per share for the current year.
Sappi Company Profile
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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