Sappi (OTCMKTS:SPPJY) Sees Large Volume Increase – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY) saw unusually-strong trading volume on Tuesday . Approximately 85,100 shares were traded during trading, an increase of 1,328% from the previous session’s volume of 5,960 shares.The stock last traded at $1.27 and had previously closed at $1.30.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sappi Price Performance

The firm’s 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.24 and a quick ratio of 0.62. The firm has a market capitalization of $711.07 million, a P/E ratio of 7.47 and a beta of 0.85.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Sappi had a net margin of 1.75% and a return on equity of 6.12%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Sappi Company Profile

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.