Sappi (OTCMKTS:SPPJY) Shares Up 5.8% - Here's Why

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) shares were up 5.8% during trading on Friday . The company traded as high as $1.83 and last traded at $1.83. Approximately 1,300 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 4,549 shares. The stock had previously closed at $1.73.

Sappi Price Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The company's 50 day moving average is $1.93 and its 200 day moving average is $2.31. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.60.

Sappi (OTCMKTS:SPPJY - Get Free Report) last issued its 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). Sappi had a net margin of 3.25% and a return on equity of 9.35%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations 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.