Klabin (OTCMKTS:KLBAY) Shares Gap Up – Here’s Why

Klabin SA (OTCMKTS:KLBAY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $6.8150, but opened at $7.19. Klabin shares last traded at $7.27, with a volume of 5,368 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Klabin Trading Up 2.3%

The firm’s 50 day moving average is $6.83 and its 200 day moving average is $7.13. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37. The company has a market capitalization of $22.19 billion, a PE ratio of 42.10, a P/E/G ratio of 2.09 and a beta of 0.65.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Klabin had a net margin of 1.26% and a return on equity of 1.79%. As a group, equities analysts predict that Klabin SA will post 0.21 EPS for the current year.

Klabin Company Profile

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.