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

Klabin SA (OTCMKTS:KLBAY) gapped down prior to trading on Tuesday . The stock had previously closed at $7.4350, but opened at $7.02. Klabin shares last traded at $7.00, with a volume of 13,089 shares changing hands.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities cut 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Klabin presently has a consensus rating of “Moderate Buy”.

Klabin Price Performance

The company has a market capitalization of $23.13 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.54 and a beta of 0.81. The company has a current ratio of 2.06, a quick ratio of 1.64 and a debt-to-equity ratio of 2.43. The firm’s 50 day simple moving average is $7.56 and its 200-day simple moving average is $7.16.

Klabin (OTCMKTS:KLBAY) last issued its earnings results 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 net margin of 7.13% and a return on equity of 11.06%. The business had revenue of $956.36 million for the quarter, compared to the consensus estimate of $972.70 million. On average, sell-side analysts anticipate that Klabin SA will post 0.02 EPS for the current fiscal year.

About Klabin

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.