Sappi (OTCMKTS:SPPJY) Sees Unusually-High Trading Volume – Should You Buy?

Sappi Ltd. (OTCMKTS:SPPJY) shares saw unusually-high trading volume on Wednesday . 26,900 shares traded hands during trading, an increase of 118% from the previous session’s volume of 12,336 shares.The stock last traded at $0.9599 and had previously closed at $0.9366.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sappi presently has an average rating of “Hold”.

Sappi Stock Down 3.6%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The business has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $0.93. The stock has a market cap of $559.24 million, a PE ratio of -0.68 and a beta of 0.58.

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.