Sappi (OTCMKTS:SPPJY) Sees Large Volume Increase – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJY) saw unusually-high trading volume on Tuesday . Approximately 4,450 shares changed hands during mid-day trading, an increase of 63% from the previous session’s volume of 2,725 shares.The stock last traded at $1.4450 and had previously closed at $1.4650.

Analyst Upgrades and Downgrades

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

Sappi Stock Down 0.5%

The firm’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $1.50. 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 0.19 and a beta of 0.61. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 0.67.

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

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.