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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) shares gapped down before the market opened on Monday . The stock had previously closed at $1.78, but opened at $1.68. Sappi shares last traded at $1.84, with a volume of 1,500 shares changing hands.

Sappi Price Performance

The firm has a market capitalization of $1.03 billion, a P/E ratio of 6.13, a PEG ratio of 2.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 0.68. The company's 50 day moving average price is $1.90 and its 200 day moving average price is $2.23.

Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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.

Further Reading

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