Sappi (OTCMKTS:SPPJY) Shares Gap Up – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY) shares gapped up before the market opened on Friday . The stock had previously closed at $0.8568, but opened at $0.90. Sappi shares last traded at $0.90, with a volume of 5,002 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sappi currently has an average rating of “Hold”.

Sappi Price Performance

The company’s 50-day simple moving average is $0.74 and its 200 day simple moving average is $0.94. The company has a market capitalization of $544.12 million, a P/E ratio of -0.66 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.

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.