Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – What’s Next?

Klabin SA (OTCMKTS:KLBAY) saw strong trading volume on Wednesday . 12,883 shares traded hands during trading, an increase of 173% from the previous session’s volume of 4,722 shares.The stock last traded at $6.70 and had previously closed at $6.68.

Analysts Set New Price Targets

Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a research note on Wednesday, February 11th. One investment 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 company has a consensus rating of “Buy”.

Klabin Trading Up 0.6%

The stock has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $7.26. The firm has a market capitalization of $20.97 billion, a P/E ratio of 27.18, a PEG ratio of 0.90 and a beta of 0.70. The company has a quick ratio of 1.64, a current ratio of 2.06 and a debt-to-equity ratio of 2.43.

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.