Sappi (OTCMKTS:SPPJY) Shares Down 4.2% – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price fell 4.2% on Thursday . The company traded as low as $0.92 and last traded at $0.92. 5,000 shares traded hands during trading, a decline of 66% from the average daily volume of 14,640 shares. The stock had previously closed at $0.9606.

Analyst Ratings Changes

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

Sappi Trading Down 4.2%

The business has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.92. The stock has a market cap of $556.21 million, a price-to-earnings ratio of -0.68 and a beta of 0.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35.

Sappi Company Profile

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.