Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – Here’s Why

Klabin SA (OTCMKTS:KLBAY) shares saw an uptick in trading volume on Thursday . 21,000 shares changed hands during trading, an increase of 445% from the previous session’s volume of 3,856 shares.The stock last traded at $7.53 and had previously closed at $7.67.

Analyst Ratings Changes

Separately, Itau BBA Securities lowered shares of Klabin to a “market perform” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Klabin Trading Down 1.5%

The company has a debt-to-equity ratio of 2.32, a current ratio of 2.12 and a quick ratio of 1.67. The business’s 50 day simple moving average is $7.42 and its 200 day simple moving average is $7.09. The stock has a market cap of $23.16 billion, a P/E ratio of 14.38, a PEG ratio of 0.95 and a beta of 0.74.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Klabin had a return on equity of 11.36% and a net margin of 7.13%.The company had revenue of $956.36 million for the quarter, compared to analyst estimates of $972.70 million. On average, 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.