Shares of Klabin SA (OTCMKTS:KLBAY – Get Free Report) saw strong trading volume on Thursday . 13,345 shares were traded during trading, an increase of 160% from the previous session’s volume of 5,125 shares.The stock last traded at $6.50 and had previously closed at $6.61.
Wall Street Analysts Forecast Growth
Separately, Itau BBA Securities cut shares of Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on KLBAY
Klabin Price Performance
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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