Shares of Klabin SA (OTCMKTS:KLBAY – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.26 and traded as low as $6.62. Klabin shares last traded at $6.68, with a volume of 2,670 shares.
Wall Street Analysts Forecast Growth
Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on Klabin
Klabin Stock Performance
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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