Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) saw unusually-high trading volume on Thursday . Approximately 165,333 shares traded hands during trading, an increase of 2,757% from the previous session’s volume of 5,786 shares.The stock last traded at $0.95 and had previously closed at $0.9439.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sappi has a consensus rating of “Hold”.

Sappi Stock Up 5.9%

The firm has a market capitalization of $604.58 million, a P/E ratio of -2.17 and a beta of 0.69. The firm’s 50-day moving average is $1.07 and its 200 day moving average is $1.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 1.18.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a negative net margin of 5.31% and a negative return on equity of 2.34%. As a group, equities research analysts predict that Sappi Ltd. will post -0.11 EPS for the current fiscal 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.