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

Klabin SA (OTCMKTS:KLBAY)’s share price gapped down before the market opened 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 traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Klabin Trading Down 7.8%

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 company has a market cap of $21.50 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.01 and a beta of 0.84. The business has a fifty day simple moving average of $7.06 and a 200 day simple moving average of $6.96.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 7.93% and a return on equity of 14.04%. On average, equities analysts anticipate that Klabin SA will post 0.02 EPS for the current fiscal 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.