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

by · The Cerbat Gem

Shares of Klabin SA (OTCMKTS:KLBAY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 153,231 shares traded hands during trading, an increase of 3,290% from the previous session’s volume of 4,520 shares.The stock last traded at $6.73 and had previously closed at $6.77.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on Klabin

Klabin Price Performance

The firm’s 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $6.85. The company has a debt-to-equity ratio of 2.56, a current ratio of 2.11 and a quick ratio of 1.59. The firm has a market capitalization of $20.79 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.67 and a beta of 0.87.

Klabin (OTCMKTS:KLBAY – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $976.55 million. Klabin had a return on equity of 15.34% and a net margin of 7.93%. As a group, analysts predict that Klabin SA will post 0.02 earnings per share for the current year.

About Klabin

(Get Free Report)

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.

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