Sappi (OTCMKTS:SPPJY) Reaches New 12-Month Low – Should You Sell?

Sappi Ltd. (OTCMKTS:SPPJY) hit a new 52-week low during trading on Friday . The stock traded as low as $1.32 and last traded at $1.44, with a volume of 489 shares. The stock had previously closed at $1.49.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sappi to a “strong sell” rating in a report on Friday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sappi currently has a consensus rating of “Sell”.

Sappi Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $1.61 and a 200 day moving average of $1.81. The stock has a market capitalization of $803.46 million, a PE ratio of 8.44 and a beta of 0.87.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). Sappi had a return on equity of 6.12% and a net margin of 1.75%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.