Klabin (OTCMKTS:KLBAY) Shares Gap Down – Time to Sell?

Klabin SA (OTCMKTS:KLBAY) shares gapped down before the market opened on Monday . The stock had previously closed at $7.4525, but opened at $6.96. Klabin shares last traded at $6.96, with a volume of 110 shares changing hands.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities cut shares of Klabin to a “market perform” rating in a research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Klabin Price Performance

The business has a 50 day moving average of $7.52 and a 200 day moving average of $7.14. The company has a market cap of $21.72 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.39 and a beta of 0.74. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.06 and a quick ratio of 1.64.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, research analysts predict that Klabin SA will post 0.02 EPS for the current 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.