Sappi (OTCMKTS:SPPJY) Shares Gap Up – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $0.8568, but opened at $0.90. Sappi shares last traded at $0.90, with a volume of 5,002 shares changing hands.

Analyst Upgrades and Downgrades

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 data from MarketBeat.com, Sappi currently has an average rating of “Hold”.

Sappi Trading Down 2.9%

The company has a market cap of $544.12 million, a PE ratio of -0.66 and a beta of 0.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The company has a 50 day simple moving average of $0.74 and a two-hundred day simple moving average of $0.94.

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.