Sappi (OTCMKTS:SPPJY) Sees Strong Trading Volume – Still a Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shares saw unusually-strong trading volume on Thursday . Approximately 400 shares traded hands during trading, an increase of 33% from the previous session’s volume of 300 shares.The stock last traded at $1.56 and had previously closed at $1.35.

Analysts Set New Price Targets

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

Sappi Trading Up 15.6%

The business’s 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.63. The stock has a market capitalization of $876.24 million, a P/E ratio of -5.57, a PEG ratio of 0.20 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate 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.