Sappi (OTCMKTS:SPPJY) Shares Up 6.1% - What's Next?

Key Points

• Sappi Ltd. shares rose 6.1% during mid-day trading on Thursday, closing at $1.39, despite a significant decrease in trading volume.
• Analyst ratings have been downgraded to a "strong sell" by Zacks Research, contributing to an overall average rating of "sell" for the stock.
• The company reported a quarterly earnings loss of ($0.04) EPS, missing expectations, with revenue of $1.32 billion, falling short of analyst estimates of $1.35 billion.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) shares shot up 6.1% during mid-day trading on Thursday . The stock traded as high as $1.39 and last traded at $1.39. 100 shares traded hands during trading, a decline of 98% from the average session volume of 5,898 shares. The stock had previously closed at $1.31.

Analyst Ratings Changes

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

Sappi Stock Performance

The stock has a market capitalization of $778.26 million, a PE ratio of 8.18 and a beta of 0.87. The firm's fifty day moving average is $1.55 and its 200-day moving average is $1.75. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 0.63.

Sappi (OTCMKTS:SPPJY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations 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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