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

Klabin SA (OTCMKTS:KLBAY) shares saw unusually-strong trading volume on Tuesday. 9,775 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 4,370 shares. The stock last traded at $7.2550 and had previously closed at $7.30.

Analyst Upgrades and Downgrades

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

Klabin Stock Performance

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 cap of $22.73 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.71 and a beta of 0.61. The company’s 50 day moving average is $7.24 and its 200 day moving average is $7.06.

Klabin (OTCMKTS:KLBAY) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Klabin had a return on equity of 1.72% and a net margin of 1.26%. As a group, equities analysts predict that Klabin SA will post 0.27 earnings per share for the current fiscal year.

About Klabin

Klabin SA is a Brazilian producer of paper, packaging and forestry products. Founded in 1899, the company operates an integrated business model that includes planted forests, pulp production, paper manufacturing and the conversion of paper into packaging products.

Klabin’s product portfolio includes corrugated boxes, industrial bags, paperboard, kraft paper and other paper-based packaging solutions. It also produces hardwood and softwood pulp, which is used internally and sold to customers in the paper and packaging industries.