Sappi (OTCMKTS:SPPJY) Shares Gap Up – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $0.92, but opened at $0.9712. Sappi shares last traded at $0.9712, with a volume of 5,000 shares changing hands.

Analysts Set New Price Targets

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

Sappi Price Performance

The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The company has a market cap of $560.39 million, a price-to-earnings ratio of -0.68 and a beta of 0.62. The company has a fifty day simple moving average of $0.79 and a two-hundred day simple moving average of $0.92.

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.