Sappi (OTCMKTS:SPPJY) Shares Gap Down – Should You Sell?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $0.9576, but opened at $0.8869. Sappi shares last traded at $0.9269, with a volume of 826 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Sappi Price Performance

The firm’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.94. The company has a market cap of $560.39 million, a price-to-earnings ratio of -0.68 and a beta of 0.58. The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91.

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.