Klabin SA (OTCMKTS:KLBAY – Get Free Report) shares were up 5.3% during trading on Monday . The company traded as high as $7.3150 and last traded at $7.3150. 3,112 shares were traded during trading, a decline of 35% from the average daily volume of 4,795 shares. The stock had previously closed at $6.95.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered shares of Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Klabin currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Klabin
Klabin Trading Down 1.4%
Klabin (OTCMKTS:KLBAY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Klabin had a return on equity of 1.79% and a net margin of 1.26%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts forecast that Klabin SA will post 0.21 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.
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