Sappi (OTCMKTS:SPPJY) Stock Price Down 4.8% – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY) shares fell 4.8% on Monday . The company traded as low as $1.39 and last traded at $1.39. 1,500 shares were traded during mid-day trading, a decline of 75% from the average session volume of 5,986 shares. The stock had previously closed at $1.46.

Analysts Set New Price Targets

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

Sappi Stock Down 0.6%

The firm has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.56. The stock has a market cap of $856.65 million, a P/E ratio of -5.46, a PEG ratio of 0.18 and a beta of 0.65. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates 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.