Klabin (OTCMKTS:KLBAY) Shares Gap Down – Here’s Why

Klabin SA (OTCMKTS:KLBAY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.20, but opened at $6.85. Klabin shares last traded at $6.85, with a volume of 5,500 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Klabin to a “strong-buy” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Klabin presently has a consensus rating of “Buy”.

Klabin Price Performance

The firm has a market cap of $21.47 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.77 and a beta of 0.88. The company has a quick ratio of 1.67, a current ratio of 2.12 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average is $6.78 and its two-hundred day moving average is $6.87.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Klabin had a return on equity of 14.04% and a net margin of 7.93%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $976.55 million. As a group, analysts anticipate that Klabin SA will post 0.02 earnings per share for the current year.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.