Sappi (OTCMKTS:SPPJY) Trading Up 10.1% – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY)’s share price shot up 10.1% during mid-day trading on Wednesday . The company traded as high as $1.53 and last traded at $1.53. 125 shares changed hands during trading, a decline of 98% from the average session volume of 6,111 shares. The stock had previously closed at $1.39.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Sappi Stock Down 0.6%

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 1.20. The company has a market capitalization of $856.65 million, a PE ratio of -5.46, a price-to-earnings-growth ratio of 0.19 and a beta of 0.65. The firm’s 50-day simple moving average is $1.38 and its 200 day simple moving average is $1.56.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Sappi had a negative net margin of 3.27% and a positive return on equity of 1.78%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.34 billion.

About Sappi

Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.