Zacks Investment Research downgraded shares of Sappi (OTCMKTS:SPPJY) from a hold rating to a sell rating in a research note published on Tuesday, reports.

According to Zacks, “SAPPI LTD -ADR is the world ‘s leading producer of coated fine paper. They hold major market shares in Europe, North America and Africa. They have customers in over 100 countries worldwide. Their manufacturing operations span eight countries on three continents. “

Separately, ValuEngine cut shares of Sappi from a hold rating to a sell rating in a research note on Tuesday, February 12th.

Shares of OTCMKTS SPPJY opened at $3.86 on Tuesday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. Sappi has a 52 week low of $3.82 and a 52 week high of $7.49. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 1.54.

Sappi Company Profile

Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.

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