Klabin (OTCMKTS:KLBAY) Shares Gap Up – Here’s Why

Klabin SA (OTCMKTS:KLBAY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $6.8150, but opened at $7.19. Klabin shares last traded at $7.27, with a volume of 5,368 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Klabin Stock Up 2.3%

The stock’s 50 day simple moving average is $6.83 and its two-hundred day simple moving average is $7.13. The firm has a market cap of $22.19 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.09 and a beta of 0.65. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings data 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). Klabin had a net margin of 1.26% and a return on equity of 1.79%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, research analysts forecast that Klabin SA will post 0.21 earnings per share for the current year.

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.