Klabin (OTCMKTS:KLBAY) Stock Price Up 5.3% – Should You Buy?

Klabin SA (OTCMKTS:KLBAY) rose 5.3% during mid-day trading on Monday . The company traded as high as $7.3150 and last traded at $7.3150. 3,112 shares were traded during trading, a decline of 35% from the average session volume of 4,795 shares. The stock had previously closed at $6.95.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Klabin from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. One research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Klabin Stock Performance

The stock has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $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 $22.64 billion, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 2.18 and a beta of 0.65.

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