Klabin (OTCMKTS:KLBAY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Klabin SA (OTCMKTS:KLBAY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.04 and traded as high as $8.09. Klabin shares last traded at $8.07, with a volume of 486 shares trading hands.

Analysts Set New Price Targets

Separately, Itau BBA Securities downgraded 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Klabin Price Performance

The company has a market cap of $25.18 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.81. The stock has a fifty day moving average price of $7.35 and a 200-day moving average price of $7.04. The company has a debt-to-equity ratio of 2.32, a current ratio of 2.12 and a quick ratio of 1.67.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $956.36 million for the quarter, compared to the consensus estimate of $972.70 million. Klabin had a return on equity of 11.36% and a net margin of 7.13%. On average, equities analysts expect that Klabin SA will post 0.02 earnings per share for the current 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.