Sappi (OTCMKTS:SPPJY) Hits New 52-Week Low at $3.55

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Shares of Sappi Limited (OTCMKTS:SPPJY) reached a new 52-week low during trading on Wednesday . The company traded as low as $3.55 and last traded at $3.55, with a volume of 709 shares traded. The stock had previously closed at $3.65.

A number of research firms have recently commented on SPPJY. JPMorgan Chase & Co. set a $69.00 target price on shares of Helmerich & Payne and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th.

The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.45 and a beta of 1.05. The firm has a 50 day moving average price of $3.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 1.46.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Thursday, May 9th. The basic materials company reported $0.14 EPS for the quarter. The business had revenue of $1.50 billion during the quarter. Sappi had a net margin of 5.27% and a return on equity of 16.77%. On average, analysts predict that Sappi Limited will post 0.59 EPS for the current year.

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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