Klabin (OTCMKTS:KLBAY) Sees Strong Trading Volume – Time to Buy?

Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Friday . Approximately 6,242 shares were traded during trading, an increase of 30% from the previous session’s volume of 4,797 shares.The stock last traded at $6.55 and had previously closed at $6.48.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Klabin to a “strong-buy” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Klabin Stock Down 0.5%

The company has a current ratio of 2.11, a quick ratio of 1.59 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $20.42 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 0.65 and a beta of 0.85. The company’s fifty day simple moving average is $6.81 and its 200 day simple moving average is $6.77.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Klabin had a net margin of 9.90% and a return on equity of 18.24%. The business had revenue of $913.44 million during the quarter, compared to analyst estimates of $5.48 billion. Research analysts expect that Klabin SA will post 0.02 EPS for the current year.

Klabin Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.0911 dividend. This is a boost from Klabin’s previous dividend of $0.01. The ex-dividend date was Friday, August 15th. This represents a yield of 490.0%. Klabin’s dividend payout ratio (DPR) is currently 61.67%.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.