Sappi (OTCMKTS:SPPJY) Sets New 1-Year High – Time to Buy?

Sappi Limited (OTCMKTS:SPPJY)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $3.20 and last traded at $3.17, with a volume of 1939 shares. The stock had previously closed at $2.90.

Sappi Price Performance

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 104.17 and a beta of 1.07. The company’s 50 day simple moving average is $2.78 and its 200-day simple moving average is $2.78. The company has a current ratio of 1.55, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Sappi had a negative net margin of 1.60% and a positive return on equity of 6.21%. The company had revenue of $1.37 billion for the quarter. On average, equities research analysts predict that Sappi Limited will post 0.42 earnings per share for the current fiscal year.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.