Klabin (OTCMKTS:KLBAY) Sees Unusually-High Trading Volume – What’s Next?

Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Thursday . Approximately 13,109 shares changed hands during trading, an increase of 178% from the previous session’s volume of 4,709 shares.The stock last traded at $7.54 and had previously closed at $7.5350.

Analyst Ratings Changes

Separately, Itau BBA Securities lowered Klabin to a “market perform” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Klabin Stock Down 2.9%

The stock has a market capitalization of $23.12 billion, a PE ratio of 14.36, a PEG ratio of 0.55 and a beta of 0.74. The firm’s fifty day moving average is $7.57 and its 200-day moving average is $7.15. The company has a quick ratio of 1.64, a current ratio of 2.06 and a debt-to-equity ratio of 2.43.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Klabin had a return on equity of 11.06% and a net margin of 7.13%.The company had revenue of $956.36 million for the quarter, compared to analyst estimates of $972.70 million. On average, equities research analysts predict that Klabin SA will post 0.02 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.