Sappi (OTCMKTS:SPPJY) Shares Up 11% – Time to Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shot up 11% on Tuesday . The company traded as high as $1.72 and last traded at $1.72. 800 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,400 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

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

Sappi Trading Down 3.4%

The company has a market cap of $867.84 million, a price-to-earnings ratio of -5.54, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61. The company’s 50 day moving average price is $1.43 and its 200 day moving average price is $1.52. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 1.20.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.34 billion. Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%.

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.