Klabin (OTCMKTS:KLBAY) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Klabin SA (OTCMKTS:KLBAY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $6.95, but opened at $8.39. Klabin shares last traded at $8.39, with a volume of 500 shares.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Klabin

Klabin Price Performance

The stock has a market cap of $23.42 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.67, a current ratio of 2.12 and a debt-to-equity ratio of 2.32. The business’s 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $6.86.

Klabin (OTCMKTS:KLBAY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 EPS 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 14.04%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $976.55 million. Sell-side analysts expect that Klabin SA will post 0.02 EPS 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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