Sappi (OTCMKTS:SPPJY) Shares Gap Down – Time to Sell?

Sappi Ltd. (OTCMKTS:SPPJY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $0.8535, but opened at $0.6793. Sappi shares last traded at $0.8275, with a volume of 2,760 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Sappi Stock Down 9.6%

The firm has a 50 day simple moving average of $1.00 and a two-hundred day simple moving average of $1.21. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The stock has a market cap of $453.44 million, a price-to-earnings ratio of -0.68 and a beta of 0.55.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.40 billion. Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%. As a group, sell-side analysts expect that Sappi Ltd. will post -0.18 EPS 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.