Sappi (OTCMKTS:SPPJY) Shares Gap Up – Still a Buy?

Sappi Ltd. (OTCMKTS:SPPJYGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $0.9366, but opened at $1.05. Sappi shares last traded at $1.05, with a volume of 8,330 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Get Our Latest Stock Report on Sappi

Sappi Price Performance

The company has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.93. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The company has a market capitalization of $574.35 million, a price-to-earnings ratio of -0.70 and a beta of 0.58.

About Sappi

(Get Free Report)

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.

See Also

Receive News & Ratings for Sappi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sappi and related companies with MarketBeat.com's FREE daily email newsletter.