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

Key Points

• Sappi Ltd.'s stock price gapped down from $1.44 to $1.38 at the opening on Monday, closing at $1.35 with a trading volume of 20,513 shares.
• Analyst ratings indicate a consensus "Sell" recommendation, with Zacks Research upgrading the stock to a "strong sell" rating.
• In their latest earnings report, Sappi missed earnings estimates with a reported loss of $0.04 per share against an expected profit of $0.03, alongside revenues of $1.32 billion, below the $1.35 billion consensus estimate.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $1.44, but opened at $1.38. Sappi shares last traded at $1.35, with a volume of 20,513 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi to a "strong sell" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Sappi Stock Performance

The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 0.63. The firm has a market cap of $739.35 million, a P/E ratio of 7.77 and a beta of 0.87. The company's 50-day moving average is $1.61 and its two-hundred day moving average is $1.80.

Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.07). The firm 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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