Sappi (OTCMKTS:SPPJY) Shares Gap Up – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $0.83, but opened at $0.8773. Sappi shares last traded at $0.8773, with a volume of 1,000 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sappi presently has an average rating of “Hold”.

Sappi Stock Performance

The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.22. The stock has a market capitalization of $518.73 million, a P/E ratio of -0.77 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $1.33 billion during 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 4.61%. On average, equities analysts forecast that Sappi Ltd. will post -0.18 EPS for the current fiscal year.

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.