Sappi Limited (OTCMKTS:SPPJY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $2.68 and last traded at $2.76, with a volume of 9486 shares changing hands. The stock had previously closed at $2.97.
Several research firms have commented on SPPJY. JPMorgan Chase & Co. lowered shares of Sappi from an “overweight” rating to a “neutral” rating in a report on Wednesday, June 5th. ValuEngine raised shares of Sappi from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Sappi from a “hold” rating to a “sell” rating in a report on Tuesday.
The firm’s 50 day moving average price is $2.95 and its 200-day moving average price is $3.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.89 and a current ratio of 1.61. The firm has a market capitalization of $1.68 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10.
Sappi Company Profile (OTCMKTS:SPPJY)
Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.
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