Sappi (OTCMKTS:SPPJY) Sees Strong Trading Volume – Still a Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shares saw unusually-high trading volume on Friday . Approximately 10,500 shares changed hands during trading, an increase of 383% from the previous session’s volume of 2,175 shares.The stock last traded at $1.50 and had previously closed at $1.55.

Analyst Upgrades and Downgrades

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

Sappi Stock Performance

The company has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.52. The stock has a market capitalization of $851.05 million, a P/E ratio of -5.43, a price-to-earnings-growth ratio of 0.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.63.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Sappi had a positive return on equity of 1.78% and a negative net margin of 3.27%.The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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.