Sappi (OTCMKTS:SPPJY) Reaches New 12-Month Low - What's Next?

Key Points

• Sappi Ltd.'s stock price hit a new 12-month low, trading as low as $1.20 on Thursday, and closed at $1.22, indicating a significant decline in value.
• Following its earnings report on August 7, where the company missed the consensus earnings estimate, Sappi has a consensus rating of "Sell" from analysts, including a recent upgrade to a "strong sell" by Zacks Research.
• The company reported revenue of $1.32 billion for the last quarter, falling short of the $1.35 billion consensus estimate, further highlighting ongoing struggles in performance.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $1.20 and last traded at $1.22, with a volume of 69725 shares trading hands. The stock had previously closed at $1.28.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sappi to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sappi currently has a consensus rating of "Sell".

Sappi Stock Down 8.2%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.24 and a quick ratio of 0.62. The firm's 50 day moving average is $1.58 and its two-hundred day moving average is $1.79. The firm has a market capitalization of $621.49 million, a P/E ratio of 6.53 and a beta of 0.87.

Sappi (OTCMKTS:SPPJY - Get Free Report) last released its earnings results on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.07). Sappi had a net margin of 1.75% and a return on equity of 6.12%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion.

Sappi Company Profile

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.

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