Klabin (OTCMKTS:KLBAY) Sets New 12-Month Low – Here’s What Happened

Klabin SA (OTCMKTS:KLBAY)’s share price reached a new 52-week low during trading on Friday. The company traded as low as $6.16 and last traded at $6.16, with a volume of 7,563 shares traded. The stock had previously closed at $6.2850.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Klabin Stock Performance

The company’s fifty day moving average price is $7.08 and its two-hundred day moving average price is $7.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.55 and a current ratio of 2.00. The firm has a market capitalization of $19.22 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 1.55 and a beta of 0.68.

Klabin Company Profile

Klabin is a Brazilian paper and packaging company with an integrated business that spans forestry, pulp production, paper manufacturing and conversion into finished packaging. Founded in 1899, the company is headquartered in São Paulo, Brazil. Its products include market pulp made from eucalyptus and pine, fluff pulp, containerboard, corrugated boxes, industrial paper bags and other paper-based packaging. Klabin also manages planted forests that supply much of the wood used in its operations. Klabin serves customers in Brazil and international markets, supplying industries that include food and beverages, e-commerce, personal care and agriculture.