Sappi (OTCMKTS:SPPJY) Stock Rating Lowered by Zacks Research

Sappi (OTCMKTS:SPPJY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Sappi Trading Down 3.1%

Shares of OTCMKTS:SPPJY opened at $0.63 on Monday. 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 has a 12-month low of $0.63 and a 12-month high of $1.89. The stock has a market cap of $380.89 million, a PE ratio of -0.57 and a beta of 0.55. The business has a 50 day moving average of $0.86 and a 200-day moving average of $1.11.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%.The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. As a group, equities research analysts forecast that Sappi will post -0.2 earnings per share for the current year.

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.