Klabin (OTCMKTS:KLBAY) Shares Gap Down – Should You Sell?
by Michael Walen · The Markets DailyShares of Klabin SA (OTCMKTS:KLBAY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $7.47, but opened at $7.00. Klabin shares last traded at $7.00, with a volume of 608 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group raised shares of Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on KLBAY
Klabin Price Performance
The company’s 50-day moving average is $7.06 and its 200-day moving average is $6.96. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.01 and a beta of 0.84. The company has a debt-to-equity ratio of 2.32, a current ratio of 2.12 and a quick ratio of 1.67.
Klabin (OTCMKTS:KLBAY – Get Free Report) last issued its quarterly earnings results 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 for 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, research analysts expect that Klabin SA will post 0.02 earnings per share for the current year.
About Klabin
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.