Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $1.07, but opened at $0.9850. Sappi shares last traded at $1.02, with a volume of 5,000 shares.
Analyst Ratings Changes
Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Stock Report on Sappi
Sappi Price Performance
The company has a market capitalization of $604.58 million, a price-to-earnings ratio of -0.74 and a beta of 0.58. The company has a fifty day simple moving average of $0.77 and a two-hundred day simple moving average of $0.93. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35.
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.
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