Klabin (OTCMKTS:KLBAY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Klabin SA (OTCMKTS:KLBAY – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.77, but opened at $6.5060. Klabin shares last traded at $6.5750, with a volume of 1,157 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Klabin currently has an average rating of “Buy”.

Read Our Latest Analysis on KLBAY

Klabin Stock Up 2.7%

The stock has a market cap of $20.79 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.87. The business has a fifty day moving average of $6.76 and a 200-day moving average of $6.84. The company has a debt-to-equity ratio of 2.56, a current ratio of 2.11 and a quick ratio of 1.59.

Klabin (OTCMKTS:KLBAY – Get Free Report) last issued 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). Klabin had a net margin of 7.93% and a return on equity of 15.34%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $976.55 million. Equities research analysts anticipate that Klabin SA will post 0.02 earnings per share for the current year.

Klabin Company Profile

(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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