Klabin (OTCMKTS:KLBAY) Stock Price Up 5.3% – Time to Buy?

Shares of Klabin SA (OTCMKTS:KLBAY) rose 5.3% during trading on Monday . The company traded as high as $7.3150 and last traded at $7.3150. Approximately 3,112 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 4,795 shares. The stock had previously closed at $6.95.

Analysts Set New Price Targets

Separately, Zacks Research lowered Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Klabin currently has an average rating of “Hold”.

Klabin Price Performance

The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37. The stock’s 50 day simple moving average is $6.83 and its two-hundred day simple moving average is $7.13. The stock has a market cap of $22.64 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 2.18 and a beta of 0.65.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Klabin had a net margin of 1.26% and a return on equity of 1.79%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. On average, analysts forecast that Klabin SA will post 0.21 earnings per share 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.