Sappi (OTCMKTS:SPPJY) Shares Down 4.2% – What’s Next?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) fell 4.2% during mid-day trading on Thursday . The stock traded as low as $0.92 and last traded at $0.92. Approximately 5,000 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 14,640 shares. The stock had previously closed at $0.9606.

Analysts Set New Price Targets

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

Sappi Trading Down 4.2%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The stock has a market capitalization of $556.21 million, a PE ratio of -0.68 and a beta of 0.58. The business’s 50-day moving average is $0.78 and its two-hundred day moving average is $0.92.

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.