Sappi (OTCMKTS:SPPJY) Sees Large Volume Increase - Should You Buy?

Shares of Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) saw strong trading volume on Thursday . 79,147 shares were traded 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 company's fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $2.19. The stock has a market capitalization of $979.83 million, a P/E ratio of 5.83, a PEG ratio of 2.44 and a beta of 0.75.

Sappi (OTCMKTS:SPPJY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate 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.

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