Sappi (OTCMKTS:SPPJY) Trading 31.4% Higher – Here’s Why

Shares of Sappi Ltd. (OTCMKTS:SPPJY) rose 31.4% on Friday . The stock traded as high as $0.94 and last traded at $0.94. Approximately 1,100 shares were traded during trading, a decline of 91% from the average daily volume of 12,633 shares. The stock had previously closed at $0.7152.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Sappi Stock Up 1.1%

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 company has a market cap of $568.31 million, a price-to-earnings ratio of -0.85 and a beta of 0.58. The business has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $0.96.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. On average, equities analysts anticipate that Sappi Ltd. will post -0.19 earnings per share for the current fiscal 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.