Sappi (OTCMKTS:SPPJY) Upgraded by Zacks Research to Hold Rating

Sappi (OTCMKTS:SPPJY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Sappi Stock Performance

SPPJY opened at $0.70 on Tuesday. The firm has a market cap of $425.87 million, a P/E ratio of -0.63 and a beta of 0.59. Sappi has a 52-week low of $0.59 and a 52-week high of $1.78. 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 business’s fifty day moving average is $0.73 and its 200-day moving average is $1.00.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. Sell-side analysts expect that Sappi will post -0.19 EPS 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.