Sappi (OTCMKTS:SPPJY) Reaches New 1-Year Low – Here’s What Happened

Sappi Ltd. (OTCMKTS:SPPJY)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.90 and last traded at $0.90, with a volume of 200 shares changing hands. The stock had previously closed at $1.0450.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Sappi from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sappi has a consensus rating of “Sell”.

Sappi Price Performance

The company has a fifty day simple moving average of $1.17 and a 200 day simple moving average of $1.33. The stock has a market capitalization of $544.12 million, a price-to-earnings ratio of -1.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 1.18.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sappi had a negative return on equity of 2.34% and a negative net margin of 5.31%.

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.