Sappi (OTCMKTS:SPPJY) Stock Price Down 6% – Here’s What Happened

by · The Cerbat Gem

Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) shares dropped 6% on Thursday . The stock traded as low as $1.41 and last traded at $1.41. Approximately 1,223 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 5,995 shares. The stock had previously closed at $1.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on SPPJY

Sappi Price Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.62. The business’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.60. The stock has a market capitalization of $789.46 million, a price-to-earnings ratio of -5.04, a PEG ratio of 0.14 and a beta of 0.65.

Sappi (OTCMKTS:SPPJY – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%.

Sappi Company Profile

(Get Free Report)

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.

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