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

Klabin SA (OTCMKTS:KLBAY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $7.20, but opened at $6.85. Klabin shares last traded at $6.85, with a volume of 5,500 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Klabin to a “strong-buy” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Klabin Price Performance

The firm has a market capitalization of $25.20 billion, a PE ratio of 16.31, a P/E/G ratio of 2.40 and a beta of 0.88. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. The stock has a fifty day moving average price of $6.87 and a 200-day moving average price of $6.90.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $976.55 million. Klabin had a net margin of 7.93% and a return on equity of 14.04%. Sell-side analysts forecast that Klabin SA will post 0.02 EPS for the current fiscal year.

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.