Sappi (OTCMKTS:SPPJY) Stock Rating Lowered by Zacks Research
by Teresa Graham · The Cerbat GemSappi (OTCMKTS:SPPJY – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Sappi Trading Up 1.6%
Shares of Sappi stock traded up $0.02 during trading on Tuesday, hitting $1.25. The stock had a trading volume of 14,906 shares, compared to its average volume of 4,558. The stock has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $1.48. The company has a market capitalization of $699.88 million, a PE ratio of -4.46, a P/E/G ratio of 0.41 and a beta of 0.67. Sappi has a 1 year low of $1.11 and a 1 year high of $2.67. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 0.67.
Sappi (OTCMKTS:SPPJY – Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.34 billion.
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.