Klabin (OTCMKTS:KLBAY) Shares Gap Up – Should You Buy?

Klabin SA (OTCMKTS:KLBAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.76, but opened at $7.29. Klabin shares last traded at $6.80, with a volume of 25,363 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Klabin to a “strong-buy” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Klabin Trading Up 0.6%

The company’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.84. The company has a debt-to-equity ratio of 2.56, a current ratio of 2.11 and a quick ratio of 1.59. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 0.67 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY) last released its earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Klabin had a net margin of 7.93% and a return on equity of 15.34%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $976.55 million. As a group, research analysts expect that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.