Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report)’s share price was down 11.2% on Friday . The company traded as low as $1.03 and last traded at $1.03. Approximately 2,200 shares traded hands during trading, a decline of 63% from the average daily volume of 5,962 shares. The stock had previously closed at $1.16.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Report on Sappi
Sappi Trading Down 2.9%
Sappi (OTCMKTS:SPPJY – Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a negative net margin of 5.31% and a negative return on equity of 2.34%. On average, analysts predict that Sappi Ltd. will post -0.02 earnings per share for the current 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.
Further Reading
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