Sappi (OTCMKTS:SPPJY) Shares Gap Down - Should You Sell?

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $1.86, but opened at $1.75. Sappi shares last traded at $1.75, with a volume of 1,000 shares changing hands.

Sappi Price Performance

The stock has a market cap of $1.04 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.76. 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's fifty day moving average is $1.93 and its 200 day moving average is $2.31.

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

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.