Klabin (OTCMKTS:KLBAY) Sees Unusually-High Trading Volume – What’s Next?

by · The Markets Daily

Klabin SA (OTCMKTS:KLBAY – Get Free Report) saw an uptick in trading volume on Friday . 18,062 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 9,491 shares.The stock last traded at $7.19 and had previously closed at $8.1544.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Klabin to a “strong-buy” rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Read Our Latest Report on KLBAY

Klabin Stock Down 13.6%

The business’s 50 day moving average price is $6.90 and its 200 day moving average price is $6.91. The company has a debt-to-equity ratio of 2.32, a current ratio of 2.12 and a quick ratio of 1.67. The firm has a market cap of $21.57 billion, a PE ratio of 13.96, a PEG ratio of 2.00 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY – Get Free Report) last released its earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $976.55 million. Klabin had a return on equity of 14.04% and a net margin of 7.93%. On average, equities research analysts expect that Klabin SA will post 0.02 earnings per share for the current year.

About Klabin

(Get Free Report)

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.

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