Sappi (OTCMKTS:SPPJY) Stock Price Down 6% – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY) shares were down 6% during trading on Thursday . The stock traded as low as $1.41 and last traded at $1.41. Approximately 1,223 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 5,995 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

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

Sappi Stock Down 5.7%

The firm has a market cap of $744.67 million, a price-to-earnings ratio of -4.75, a price-to-earnings-growth ratio of 0.13 and a beta of 0.65. The stock’s 50 day moving average is $1.36 and its 200 day moving average is $1.59. The company has a quick ratio of 0.62, a current ratio of 1.20 and a debt-to-equity ratio of 0.67.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Sappi Company Profile

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.