Sappi (OTCMKTS:SPPJY) Shares Gap Up – Still a Buy?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $0.92, but opened at $0.9712. Sappi shares last traded at $0.9712, with a volume of 5,000 shares.

Analysts Set New Price Targets

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 stock presently has an average rating of “Hold”.

Sappi Price Performance

The firm has a market cap of $587.17 million, a PE ratio of -0.71 and a beta of 0.58. The stock’s fifty day moving average price is $0.78 and its 200-day moving average price is $0.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70.

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.