Klabin (OTCMKTS:KLBAY) Shares Down 16.4% – What’s Next?

Klabin SA (OTCMKTS:KLBAY) shares were down 16.4% during trading on Thursday . The company traded as low as $8.15 and last traded at $8.15. Approximately 200 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 9,536 shares. The stock had previously closed at $9.75.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Klabin Trading Up 10.4%

The business has a fifty day moving average price of $6.87 and a 200-day moving average price of $6.90. The company has a quick ratio of 1.67, a current ratio of 2.12 and a debt-to-equity ratio of 2.32. The company has a market cap of $27.81 billion, a P/E ratio of 18.00, a PEG ratio of 2.40 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Klabin had a return on equity of 14.04% and a net margin of 7.93%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $976.55 million. On average, analysts forecast that Klabin SA will post 0.02 earnings per share for the current 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.