Sappi (OTCMKTS:SPPJY) Trading 10% Higher – Here’s Why

Sappi Ltd. (OTCMKTS:SPPJY)’s stock price rose 10% during trading on Friday . The stock traded as high as $1.0175 and last traded at $1.0175. Approximately 7,000 shares traded hands during trading, a decline of 52% from the average session volume of 14,689 shares. The stock had previously closed at $0.9250.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Sappi Price Performance

The stock has a market cap of $601.13 million, a price-to-earnings ratio of -0.73 and a beta of 0.58. The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average is $0.76 and its 200-day moving average is $0.93.

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.