Klabin (OTCMKTS:KLBAY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Klabin SA (OTCMKTS:KLBAY) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $7.18 and traded as low as $6.5956. Klabin shares last traded at $7.12, with a volume of 9,965 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating. According to MarketBeat, Klabin has an average rating of “Hold”.

Klabin Price Performance

The firm has a market cap of $20.73 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 1.79 and a beta of 0.61. The company has a current ratio of 2.00, a quick ratio of 1.55 and a debt-to-equity ratio of 2.04. The company has a 50 day moving average of $7.27 and a 200 day moving average of $7.18.

Klabin (OTCMKTS:KLBAY) last posted its earnings results on Wednesday, October 28th. The basic materials company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). Klabin had a return on equity of 1.72% and a net margin of 1.26%. Equities research analysts predict that Klabin SA will post 0.26 EPS for the current fiscal year.

Klabin Company Profile

Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.

Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.