Sappi (OTCMKTS:SPPJY) Shares Gap Up – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $1.39, but opened at $1.50. Sappi shares last traded at $1.50, with a volume of 25,705 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sappi Trading Up 4.0%

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.63. The company has a market cap of $809.06 million, a price-to-earnings ratio of -5.16, a price-to-earnings-growth ratio of 0.11 and a beta of 0.65. The business’s fifty day moving average price is $1.37 and its 200 day moving average price is $1.56.

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

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.