Klabin (OTCMKTS:KLBAY) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Klabin SA (OTCMKTS:KLBAY)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $7.18 and traded as low as $6.5956. Klabin shares last traded at $7.12, with a volume of 9,965 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Klabin Stock Performance

The business’s fifty day moving average price is $7.26 and its 200-day moving average price is $7.18. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.55 and a current ratio of 2.00. The stock has a market cap of $22.22 billion, a PE ratio of 42.16, a P/E/G ratio of 1.79 and a beta of 0.61.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Klabin had a net margin of 1.26% and a return on equity of 1.72%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, equities research analysts forecast that Klabin SA will post 0.26 EPS for the current fiscal year.

About Klabin

Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.

Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.