Sappi (OTCMKTS:SPPJY) Shares Gap Up – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY) gapped up prior to trading on Thursday . The stock had previously closed at $0.83, but opened at $0.8773. Sappi shares last traded at $0.8773, with a volume of 1,000 shares trading hands.

Analyst Ratings Changes

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

Sappi Stock Up 3.4%

The firm has a fifty day moving average price of $1.01 and a 200 day moving average price of $1.22. 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 company has a market cap of $518.73 million, a P/E ratio of -0.77 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative net margin of 12.70% and a negative return on equity of 4.61%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. Equities research analysts forecast that Sappi Ltd. will post -0.18 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.