Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – Time to Buy?

Klabin SA (OTCMKTS:KLBAY) shares saw an uptick in trading volume on Wednesday . 18,773 shares traded hands during mid-day 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.

Analyst Ratings Changes

Separately, Itau BBA Securities lowered 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Klabin Trading Down 0.8%

The company has a quick ratio of 1.64, a current ratio of 1.78 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $20.74 billion, a P/E ratio of 26.88, a P/E/G ratio of 0.91 and a beta of 0.65. The firm’s 50 day simple moving average is $7.13 and its two-hundred day simple moving average is $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.