Sappi (OTCMKTS:SPPJY) Shares Down 3.9% - What's Next?

Key Points

• Sappi Ltd.'s shares fell 3.9%, trading between $1.20 and $1.23 on Wednesday, with a significant decline in volume compared to its average daily trading.
• Recent analyst ratings indicate a "strong sell" from Zacks Research, contributing to the stock's average sell rating from market analysts.
• The company's latest earnings report revealed a loss of ($0.04) EPS, missing expectations, with revenues of $1.32 billion against an anticipated $1.35 billion.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s share price was down 3.9% during trading on Wednesday . The stock traded as low as $1.20 and last traded at $1.23. Approximately 4,475 shares traded hands during trading, a decline of 19% from the average daily volume of 5,559 shares. The stock had previously closed at $1.28.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sappi to a "strong sell" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Sappi Price Performance

The company has a market cap of $697.08 million, a P/E ratio of 7.32 and a beta of 0.87. The company has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $1.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.24 and a quick ratio of 0.62.

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

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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