Sappi (OTCMKTS:SPPJY) Reaches New 12-Month Low - Here's What Happened

Market Beat
2026.02.27 15:34
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Sappi Ltd. (OTCMKTS:SPPJY) reached a new 12-month low of $1.09 during trading, closing at $1.13. Zacks Research downgraded the stock from "hold" to "strong sell," with a consensus rating of "sell". The company reported earnings of ($0.03) per share, meeting estimates, but revenue of $1.29 billion fell short of expectations. Sappi has a market cap of $632.69 million and operates globally in the pulp and paper industry.