Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – Here’s Why

Shares of Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Friday. Approximately 6,314 shares traded hands during trading, an increase of 45% from the previous session’s volume of 4,341 shares. The stock last traded at $7.15 and had previously closed at $7.1450.

Analyst Ratings Changes

Separately, Zacks Research upgraded Klabin from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Klabin Stock Up 0.1%

The firm’s fifty day moving average is $7.26 and its 200-day moving average is $7.04. The company has a market capitalization of $22.31 billion, a P/E ratio of 42.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.55 and a current ratio of 2.00.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Klabin had a return on equity of 1.72% and a net margin of 1.26%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, equities research analysts predict that Klabin SA will post 0.26 EPS for the current year.

About Klabin

Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.

Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.