Sappi (OTCMKTS:SPPJY) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Sappi (OTCMKTS:SPPJY) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

Sappi Trading Up 1.6%

Sappi stock opened at $1.25 on Tuesday. Sappi has a fifty-two week low of $1.11 and a fifty-two week high of $2.67. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $1.44 and a 200 day moving average price of $1.48.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Sappi had a negative return on equity of 2.32% and a negative net margin of 5.31%.The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.34 billion.

Sappi Company Profile

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.