Sappi (OTCMKTS:SPPJY) Reaches New 1-Year Low – Should You Sell?

Shares of Sappi Ltd. (OTCMKTS:SPPJY) hit a new 52-week low during trading on Friday . The stock traded as low as $1.09 and last traded at $1.13, with a volume of 2391 shares traded. The stock had previously closed at $1.13.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Sappi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Sappi presently has an average rating of “Sell”.

Sappi Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.63 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $1.36 and a 200 day moving average price of $1.42.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). Sappi had a negative net margin of 5.31% and a negative return on equity of 2.34%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates 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.