Klabin (OTCMKTS:KLBAY) Shares Gap Down – Here’s What Happened

Klabin SA (OTCMKTS:KLBAY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $7.2250, but opened at $6.6518. Klabin shares last traded at $6.5956, with a volume of 8,022 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Klabin from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, Klabin currently has an average rating of “Hold”.

Klabin Price Performance

The business’s 50 day moving average price is $7.27 and its 200-day moving average price is $7.18. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 42.10 and a beta of 0.61.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). As a group, analysts expect that Klabin SA will post 0.26 earnings per share 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.