Sappi (OTCMKTS:SPPJY) Sets New 52-Week Low – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $0.90 and last traded at $0.90, with a volume of 200 shares. The stock had previously closed at $1.0450.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Sappi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Sappi Stock Performance

The company’s 50-day moving average price is $1.15 and its two-hundred day moving average price is $1.33. The company has a market cap of $604.58 million, a P/E ratio of -2.17 and a beta of 0.67. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Sappi had a negative net margin of 5.31% and a negative return on equity of 2.34%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.34 billion.

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.