Sappi (OTCMKTS:SPPJY) Sets New 52-Week Low – Time to Sell?

Sappi Ltd. (OTCMKTS:SPPJY) shares reached a new 52-week low on Friday . The company traded as low as $1.09 and last traded at $1.13, with a volume of 2391 shares trading hands. The stock had previously closed at $1.13.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Sappi from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Sappi Stock Performance

The business’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.63 and a current ratio of 1.18. The company has a market capitalization of $632.69 million, a price-to-earnings ratio of -2.46 and a beta of 0.67.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). Sappi had a negative return on equity of 2.34% and a negative net margin of 5.31%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion.

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.