Sappi (OTCMKTS:SPPJY) Trading 5.8% Higher - Here's Why

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

Sappi Trading Up 5.8%

The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average is $1.93 and its 200-day moving average is $2.32. The company has a market cap of $1.02 billion, a PE ratio of 6.10, a P/E/G ratio of 1.59 and a beta of 0.76.

Sappi (OTCMKTS:SPPJY - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Sappi had a return on equity of 9.35% and a net margin of 3.25%. 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.

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