Sappi (OTCMKTS:SPPJY) Stock Price Down 8.3% – Should You Sell?

Sappi Ltd. (OTCMKTS:SPPJY)’s share price traded down 8.3% during trading on Friday . The stock traded as low as $1.28 and last traded at $1.28. 1,165 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 5,859 shares. The stock had previously closed at $1.39.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sappi to a “strong sell” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Sappi Stock Down 8.0%

The company has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $1.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.24 and a quick ratio of 0.62. The stock has a market cap of $715.83 million, a PE ratio of 7.52 and a beta of 0.87.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.07). Sappi had a return on equity of 6.12% and a net margin of 1.75%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion.

Sappi Company Profile

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.