Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Sappi Ltd. experienced a significant increase in trading volume, with 10,712 shares changing hands, marking an 82% increase from the previous day.
• The company's recent earnings report revealed a loss of ($0.04) EPS, missing analysts' estimates of $0.03 and reporting revenue of $1.32 billion, below the expected $1.35 billion.
• Zacks Research has downgraded Sappi to a "strong sell" rating, indicating potential concerns about the company's performance.

Shares of Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) saw strong trading volume on Monday . 10,712 shares traded hands during mid-day trading, an increase of 82% from the previous session's volume of 5,871 shares.The stock last traded at $1.65 and had previously closed at $1.60.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sappi to a "strong sell" rating in a research report on Friday, August 8th.

Sappi Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $1.76 and a 200-day moving average of $2.02. The company has a market cap of $923.84 million, a PE ratio of 9.71 and a beta of 0.76.

Sappi (OTCMKTS:SPPJY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.07). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Sappi had a return on equity of 6.09% and a net margin of 1.75%.

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.

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