Sappi (OTCMKTS:SPPJY) Rating Lowered to “Strong Sell” at Zacks Research

Sappi (OTCMKTS:SPPJY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Sappi Trading Down 3.1%

Shares of SPPJY stock opened at $0.63 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $380.89 million, a price-to-earnings ratio of -0.57 and a beta of 0.55. Sappi has a 12-month low of $0.63 and a 12-month high of $1.89. The stock’s 50-day moving average price is $0.86 and its 200-day moving average price is $1.11.

Sappi (OTCMKTS:SPPJY) last announced 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). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. Equities research analysts predict that Sappi will post -0.2 EPS for the current fiscal year.

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.