Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) shares fell 4.2% on Thursday . The company traded as low as $0.92 and last traded at $0.92. Approximately 5,000 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 14,640 shares. The stock had previously closed at $0.9606.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Sappi
Sappi Price Performance
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.
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