Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume – Still a Buy?

Sappi Ltd. (OTCMKTS:SPPJY) saw an uptick in trading volume on Monday . 43,871 shares changed hands during mid-day trading, an increase of 438% from the previous session’s volume of 8,161 shares.The stock last traded at $0.90 and had previously closed at $0.9390.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sappi currently has a consensus rating of “Hold”.

Sappi Stock Up 0.1%

The company has a market cap of $575.80 million, a P/E ratio of -0.86 and a beta of 0.61. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $1.04 and its 200 day moving average is $1.25.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings data on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.40 billion. Sappi had a negative return on equity of 4.61% and a negative net margin of 12.70%. As a group, equities analysts anticipate that Sappi Ltd. will post -0.14 earnings per share for the current fiscal year.

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.