Sappi (OTCMKTS:SPPJY) Shares Gap Down – Should You Sell?

Sappi Ltd. (OTCMKTS:SPPJY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $0.9576, but opened at $0.8869. Sappi shares last traded at $0.9269, with a volume of 826 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Sappi Price Performance

The company has a market cap of $560.39 million, a PE ratio of -0.68 and a beta of 0.58. The stock has a fifty day moving average price of $0.73 and a 200-day moving average price of $0.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70.

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.