Sappi (OTCMKTS:SPPJY) Releases Earnings Results

Sappi (OTCMKTS:SPPJY) posted its quarterly earnings results on Wednesday. The basic materials company reported ($0.03) earnings per share for the quarter, Zacks reports. Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%.

Sappi Trading Down 0.8%

Shares of OTCMKTS SPPJY traded down $0.01 during midday trading on Wednesday, reaching $1.23. 334 shares of the company’s stock traded hands, compared to its average volume of 3,572. Sappi has a one year low of $1.11 and a one year high of $2.90. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $1.44 and its 200-day simple moving average is $1.49.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.