Sappi (OTCMKTS:SPPJY) Trading 31.4% Higher – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price rose 31.4% during trading on Friday . The company traded as high as $0.94 and last traded at $0.94. Approximately 1,100 shares changed hands during trading, a decline of 91% from the average daily volume of 12,633 shares. The stock had previously closed at $0.7152.

Wall Street Analysts Forecast Growth

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

Sappi Stock Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The company has a market cap of $580.40 million, a PE ratio of -0.71 and a beta of 0.58. The business has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $0.96.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, August 6th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The company 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 6.12% and a negative net margin of 15.44%. Research analysts anticipate that Sappi Ltd. will post -0.19 earnings per share for the current 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.