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Sappi (OTCMKTS:SPPJY) Shares Gap Down – Should You Sell?
['Joseph Griffin']
Ticker Report
Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) shares gapped down prior to trading on Wednesday .
Sappi shares last traded at $0.9269, with a volume of 826 shares traded.
Analysts Set New Price TargetsSeparately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th.
The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70.
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.