Klabin (OTCMKTS:KLBAY) Shares Gap Down – Should You Sell?

Klabin SA (OTCMKTS:KLBAY) shares gapped down prior to trading on Monday . The stock had previously closed at $7.68, but opened at $6.9430. Klabin shares last traded at $6.9430, with a volume of 115 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One equities research 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, the stock presently has an average rating of “Buy”.

Klabin Stock Down 0.3%

The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.53 and a beta of 0.88. The company has a debt-to-equity ratio of 2.32, a current ratio of 2.12 and a quick ratio of 1.67. The stock has a 50-day moving average of $6.99 and a 200-day moving average of $6.94.

Klabin (OTCMKTS:KLBAY) last released its earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $976.55 million. Klabin had a return on equity of 14.04% and a net margin of 7.93%. Sell-side analysts predict that Klabin SA will post 0.02 EPS for the current fiscal year.

Klabin Company Profile

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.