Klabin (OTCMKTS:KLBAY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Klabin SA (OTCMKTS:KLBAY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.04 and traded as high as $8.09. Klabin shares last traded at $8.07, with a volume of 486 shares.

Analysts Set New Price Targets

Separately, Itau BBA Securities lowered Klabin to a “market perform” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Klabin Price Performance

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. The company’s 50 day moving average price is $7.35 and its 200-day moving average price is $7.04. The company has a market cap of $25.18 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.00 and a beta of 0.81.

Klabin (OTCMKTS:KLBAY) last issued its earnings results on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $956.36 million during the quarter, compared to analysts’ expectations of $972.70 million. Klabin had a net margin of 7.13% and a return on equity of 11.36%. On average, equities research analysts forecast that Klabin SA will post 0.02 earnings per share for the current fiscal year.

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.