Klabin (OTCMKTS:KLBAY) Shares Gap Down – Time to Sell?

Klabin SA (OTCMKTS:KLBAY) gapped down prior to trading on Wednesday . The stock had previously closed at $8.12, but opened at $7.5350. Klabin shares last traded at $7.55, with a volume of 19,071 shares changing hands.

Analyst Ratings Changes

Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Klabin presently has a consensus rating of “Moderate Buy”.

Klabin Price Performance

The business has a 50 day moving average price of $7.41 and a two-hundred day moving average price of $7.08. The stock has a market cap of $23.56 billion, a PE ratio of 14.63, a P/E/G ratio of 1.03 and a beta of 0.74. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Klabin had a net margin of 7.13% and a return on equity of 11.36%. The business had revenue of $956.36 million for the quarter, compared to analyst estimates of $972.70 million. Research analysts expect that Klabin SA will post 0.02 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.