Sappi (OTCMKTS:SPPJY) Hits New 12-Month Low – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY) shares hit a new 52-week low during trading on Friday . The stock traded as low as $0.8708 and last traded at $0.8752, with a volume of 10270 shares changing hands. The stock had previously closed at $0.9438.

Wall Street Analysts Forecast Growth

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

Sappi Price Performance

The firm has a market cap of $529.13 million, a PE ratio of -0.79 and a beta of 0.61. The stock’s fifty day moving average price is $1.03 and its 200-day moving average price is $1.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.55.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations 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 expect that Sappi Ltd. will post -0.14 EPS 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.