Sappi (OTCMKTS:SPPJY) Sees Strong Trading Volume – Time to Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shares saw an uptick in trading volume on Tuesday . 24,644 shares were traded during trading, an increase of 306% from the previous session’s volume of 6,076 shares.The stock last traded at $1.53 and had previously closed at $1.53.

Wall Street Analyst Weigh In

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

Sappi Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $856.65 million, a PE ratio of -5.46, a P/E/G ratio of 0.19 and a beta of 0.65. The stock’s fifty day simple moving average is $1.39 and its 200-day simple moving average is $1.55.

Sappi (OTCMKTS:SPPJY) last issued its quarterly 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). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sappi had a positive return on equity of 1.78% and a negative net margin of 3.27%.

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.