Sappi (OTCMKTS:SPPJY) Shares Gap Down – What’s Next?

Sappi Ltd. (OTCMKTS:SPPJY) gapped down before the market opened on Friday . The stock had previously closed at $1.41, but opened at $1.30. Sappi shares last traded at $1.44, with a volume of 2,300 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sappi presently has a consensus rating of “Hold”.

Sappi Trading Down 5.7%

The stock has a market capitalization of $744.67 million, a PE ratio of -4.75, a P/E/G ratio of 0.12 and a beta of 0.65. The firm has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.59. The company has a quick ratio of 0.62, a current ratio of 1.20 and a debt-to-equity ratio of 0.67.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.