Klabin (OTCMKTS:KLBAY) Sees Strong Trading Volume – Here’s Why

Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Wednesday . Approximately 12,883 shares were traded during trading, an increase of 173% from the previous session’s volume of 4,722 shares.The stock last traded at $6.70 and had previously closed at $6.68.

Analyst Ratings Changes

Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Klabin currently has an average rating of “Buy”.

Klabin Trading Up 1.4%

The company has a debt-to-equity ratio of 2.43, a current ratio of 2.06 and a quick ratio of 1.64. The firm has a market capitalization of $20.82 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 0.91 and a beta of 0.70. The business’s 50-day moving average price is $7.18 and its 200-day moving average price is $7.26.

About Klabin

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.