Klabin SA (OTCMKTS:KLBAY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $6.77, but opened at $6.53. Klabin shares last traded at $6.53, with a volume of 126 shares.
Analyst Upgrades and Downgrades
Separately, Itau BBA Securities downgraded shares of Klabin to a “market perform” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.
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Klabin Stock Down 0.1%
Klabin Company Profile
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.
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