Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shares saw an uptick in trading volume on Thursday . 6,999 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 9,325 shares.The stock last traded at $0.90 and had previously closed at $0.9056.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sappi has a consensus rating of “Hold”.

Sappi Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.55. The company’s 50 day moving average is $1.03 and its 200 day moving average is $1.23. The stock has a market cap of $498.36 million, a price-to-earnings ratio of -0.74 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative net margin of 12.70% and a negative return on equity of 4.61%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. Research analysts forecast that Sappi Ltd. will post -0.14 earnings per share 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.