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

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $1.75, but opened at $1.70. Sappi shares last traded at $1.69, with a volume of 3,209 shares traded.

Sappi Price Performance

The stock has a market capitalization of $957.43 million, a P/E ratio of 5.70, a price-to-earnings-growth ratio of 2.47 and a beta of 0.75. The business's 50 day moving average price is $1.85 and its 200 day moving average price is $2.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 0.68.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Sappi had a net margin of 3.25% and a return on equity of 9.35%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion.

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.