Klabin (OTCMKTS:KLBAY) Shares Gap Down – Time to Sell?

Klabin SA (OTCMKTS:KLBAY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $6.77, but opened at $6.53. Klabin shares last traded at $6.53, with a volume of 126 shares trading hands.

Analyst Ratings Changes

Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One research 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.com, the stock presently has an average rating of “Buy”.

Klabin Stock Down 1.8%

The company has a market capitalization of $20.25 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 0.88 and a beta of 0.65. The firm has a 50-day simple moving average of $7.07 and a 200 day simple moving average of $7.24. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37.

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.