Sappi (OTCMKTS:SPPJY) Shares Gap Up - Here's What Happened

Key Points

• Sappi Ltd. shares gapped up from $1.28 to $1.35 before trading, with a total volume of 600 shares exchanged.
• Analysts have given Sappi a "strong sell" rating, with an average rating of "Sell" across several assessments.
• For the latest quarter, Sappi reported an EPS of ($0.04), missing the consensus estimate, with revenues of $1.32 billion compared to an expected $1.35 billion.

Shares of Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $1.28, but opened at $1.35. Sappi shares last traded at $1.35, with a volume of 600 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sappi to a "strong sell" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

Sappi Price Performance

The business has a fifty day moving average of $1.54 and a 200 day moving average of $1.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.24 and a quick ratio of 0.62. The stock has a market cap of $761.46 million, a PE ratio of 8.00 and a beta of 0.87.

Sappi (OTCMKTS:SPPJY - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Sappi had a return on equity of 6.12% and a net margin of 1.75%.

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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