Klabin (OTCMKTS:KLBAY) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Klabin SA (OTCMKTS:KLBAY) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $7.06 and traded as low as $6.98. Klabin shares last traded at $7.02, with a volume of 1,234 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a report on Thursday, September 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Klabin presently has an average rating of “Hold”.

Klabin Price Performance

The company has a 50 day simple moving average of $7.21 and a 200 day simple moving average of $7.06. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 1.65 and a beta of 0.61. The company has a quick ratio of 1.55, a current ratio of 2.00 and a debt-to-equity ratio of 2.04.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Klabin had a net margin of 1.26% and a return on equity of 1.72%. As a group, research analysts predict that Klabin SA will post 0.27 EPS for the current year.

Klabin Company Profile

Klabin SA is a Brazilian producer of paper, packaging and forestry products. Founded in 1899, the company operates an integrated business model that includes planted forests, pulp production, paper manufacturing and the conversion of paper into packaging products.

Klabin’s product portfolio includes corrugated boxes, industrial bags, paperboard, kraft paper and other paper-based packaging solutions. It also produces hardwood and softwood pulp, which is used internally and sold to customers in the paper and packaging industries.