Sappi (OTCMKTS:SPPJY) Shares Gap Down – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $1.09, but opened at $1.0024. Sappi shares last traded at $1.0024, with a volume of 5,577 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Sappi Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. The firm has a market cap of $606.03 million, a P/E ratio of -2.18 and a beta of 0.61. The company has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $1.27.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). Sappi had a negative return on equity of 2.34% and a negative net margin of 5.31%.The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Equities analysts anticipate that Sappi Ltd. will post -0.11 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.