Fibria Celulose SA (NYSE:FBR) shares hit a new 52-week low on Wednesday . The stock traded as low as $6.66 and last traded at $6.72, with a volume of 761,809 shares. The stock had previously closed at $6.80.

FBR has been the topic of a number of analyst reports. Zacks Investment Research lowered Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 2nd. Scotiabank raised Fibria Celulose SA from a “sector perform” rating to a “sector outperform” rating in a report on Friday, April 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.06.

The firm has a market cap of $3.66 billion and a PE ratio of 6.24. The stock’s 50 day moving average price is $8.11 and its 200-day moving average price is $9.43.

A number of hedge funds and institutional investors have bought and sold shares of FBR. Bank of Montreal Can raised its position in Fibria Celulose SA by 8,417.3% in the fourth quarter. Bank of Montreal Can now owns 91,816 shares of the company’s stock valued at $1,165,000 after buying an additional 90,738 shares in the last quarter. NorthCoast Asset Management LLC acquired a new position in Fibria Celulose SA during the fourth quarter valued at $2,413,000. Finally, Morgan Stanley raised its position in Fibria Celulose SA by 1,011.9% in the fourth quarter. Morgan Stanley now owns 1,516,711 shares of the company’s stock valued at $19,247,000 after buying an additional 1,380,307 shares in the last quarter.

Fibria Celulose SA (Fibria) is a pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.

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