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

Shares of Sappi Ltd. (OTCMKTS:SPPJY) gapped up prior to trading on Monday . The stock had previously closed at $0.92, but opened at $0.9712. Sappi shares last traded at $0.9712, with a volume of 5,000 shares changing hands.

Wall Street Analyst Weigh In

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

Sappi Stock Performance

The firm’s 50-day moving average price is $0.78 and its two-hundred day moving average price is $0.92. 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 stock has a market cap of $587.17 million, a price-to-earnings ratio of -0.71 and a beta of 0.58.

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.