Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – What’s Next?

Klabin SA (OTCMKTS:KLBAY – Get Free Report) shares saw an uptick in trading volume on Thursday . Approximately 14,073 shares were traded during trading, an increase of 205% from the previous session’s volume of 4,621 shares.The stock last traded at $7.00 and had previously closed at $6.8150.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Klabin has an average rating of “Hold”.

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Klabin Trading Up 3.2%

The firm has a market capitalization of $21.94 billion, a P/E ratio of 41.62, a P/E/G ratio of 2.07 and a beta of 0.65. The company’s fifty day moving average is $6.82 and its 200-day moving average is $7.13. The company has a current ratio of 1.78, a quick ratio of 1.37 and a debt-to-equity ratio of 2.01.

Klabin (OTCMKTS:KLBAY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Klabin had a return on equity of 1.79% and a net margin of 1.26%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, sell-side analysts anticipate that Klabin SA will post 0.21 earnings per share for the current fiscal year.

Klabin Company Profile

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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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