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

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $1.71, but opened at $1.60. Sappi shares last traded at $1.65, with a volume of 17,100 shares changing hands.

Sappi Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.68 and a current ratio of 1.38. The company's fifty day moving average price is $1.82 and its 200 day moving average price is $2.10. The firm has a market capitalization of $912.64 million, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76.

Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its earnings results 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 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

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.