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

Sappi logo with Basic Materials background

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) gapped down before the market opened 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 traded.

Sappi Price Performance

The firm has a market capitalization of $968.63 million, a P/E ratio of 5.77, a PEG ratio of 1.71 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 business's 50 day moving average is $1.93 and its 200-day moving average is $2.33.

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

Sappi Company Profile

(Get Free Report)

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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