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

Shares of Sappi Ltd. (OTCMKTS:SPPJYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $0.9366, but opened at $1.05. Sappi shares last traded at $1.05, with a volume of 8,330 shares trading hands.

Analyst Upgrades and Downgrades

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, According to MarketBeat, Sappi presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Sappi

Sappi Stock Up 15.7%

The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market cap of $646.90 million, a P/E ratio of -0.79 and a beta of 0.58. The company’s 50 day simple moving average is $0.76 and its 200-day simple moving average is $0.93.

About Sappi

(Get Free Report)

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.

Further Reading

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