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

Shares of Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $1.64, but opened at $1.74. Sappi shares last traded at $1.74, with a volume of 711 shares traded.

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 has a market cap of $988.22 million, a P/E ratio of 5.88, a P/E/G ratio of 2.55 and a beta of 0.75. The stock has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.14.

Sappi (OTCMKTS:SPPJY - Get Free Report) last released its earnings results on Thursday, May 8th. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $1.35 billion during 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.