Klabin (OTCMKTS:KLBAY) Sees Strong Trading Volume – Still a Buy?

Shares of Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Wednesday . 18,773 shares changed hands during trading, an increase of 293% from the previous session’s volume of 4,780 shares.The stock last traded at $6.69 and had previously closed at $6.77.

Analysts Set New Price Targets

Separately, Itau BBA Securities cut shares of Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Klabin Stock Performance

The company has a market cap of $20.91 billion, a PE ratio of 27.10, a P/E/G ratio of 0.91 and a beta of 0.66. The company has a current ratio of 2.06, a quick ratio of 1.64 and a debt-to-equity ratio of 2.43. The business has a fifty day moving average of $7.15 and a 200-day moving average of $7.25.

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.