Sappi (OTCMKTS:SPPJY) Shares Down 4.1% - Time to Sell?

Key Points

• Sappi Ltd. shares fell 4.1% to $1.40, with trading volume declining 76% from the average daily volume.
• Zacks Research downgraded Sappi to a "strong sell" rating, contributing to an overall average rating of "sell" from analysts.
• The company reported a loss of $0.04 per share for the last quarter, missing estimates and generating revenue of $1.32 billion compared to an expected $1.35 billion.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) shares were down 4.1% during mid-day trading on Thursday . The company traded as low as $1.40 and last traded at $1.40. Approximately 1,285 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 5,454 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

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

Sappi Stock Performance

The firm has a market capitalization of $783.86 million, a P/E ratio of 8.24 and a beta of 0.87. The firm has a 50-day moving average price of $1.62 and a two-hundred day moving average price of $1.82. 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 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 return on equity of 6.12% and a net margin of 1.75%.The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion.

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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