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

Shares of Klabin SA (OTCMKTS:KLBAY) saw strong trading volume on Wednesday . 9,644 shares changed hands during trading, an increase of 104% from the previous session’s volume of 4,728 shares.The stock last traded at $7.45 and had previously closed at $7.12.

Analyst Ratings Changes

Separately, Itau BBA Securities lowered shares of Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Klabin Stock Performance

The business has a fifty day moving average of $7.53 and a 200 day moving average of $7.14. The company has a market cap of $23.28 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.39 and a beta of 0.74. The company has a quick ratio of 1.64, a current ratio of 2.06 and a debt-to-equity ratio of 2.43.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $956.36 million for the quarter, compared to analysts’ expectations of $972.70 million. Klabin had a return on equity of 11.06% and a net margin of 7.13%. On average, equities analysts predict that Klabin SA will post 0.02 EPS 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.