Klabin SA (OTCMKTS:KLBAY – Get Free Report) saw strong trading volume on Tuesday. Approximately 9,775 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 4,370 shares. The stock last traded at $7.2550 and had previously closed at $7.30.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Klabin from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on KLBAY
Klabin Stock Performance
Klabin (OTCMKTS:KLBAY – Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Klabin had a return on equity of 1.72% and a net margin of 1.26%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities research analysts forecast that Klabin SA will post 0.27 EPS for the current fiscal year.
Klabin Company Profile
Klabin SA is a Brazilian producer of paper, packaging and forestry products. Founded in 1899, the company operates an integrated business model that includes planted forests, pulp production, paper manufacturing and the conversion of paper into packaging products.
Klabin’s product portfolio includes corrugated boxes, industrial bags, paperboard, kraft paper and other paper-based packaging solutions. It also produces hardwood and softwood pulp, which is used internally and sold to customers in the paper and packaging industries.
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