Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume - Here's What Happened

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) saw an uptick in trading volume on Thursday . 79,147 shares traded hands during trading, an increase of 1,372% from the previous session's volume of 5,377 shares.The stock last traded at $1.75 and had previously closed at $1.69.

Sappi Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.68 and a current ratio of 1.38. The firm's 50 day moving average is $1.85 and its 200-day moving average is $2.16. The firm has a market cap of $957.43 million, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 2.47 and a beta of 0.75.

Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. Sappi had a return on equity of 9.35% and a net margin of 3.25%.

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.