Klabin (OTCMKTS:KLBAY) Sees Strong Trading Volume – Here’s Why

Klabin SA (OTCMKTS:KLBAY) shares saw an uptick in trading volume on Thursday . Approximately 14,073 shares traded hands during trading, an increase of 205% from the previous session’s volume of 4,621 shares.The stock last traded at $7.00 and had previously closed at $6.8150.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Klabin from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Klabin Price Performance

The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 2.13 and a beta of 0.65. The company’s 50-day simple moving average is $6.83 and its 200-day simple moving average is $7.13. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37.

Klabin (OTCMKTS:KLBAY) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 EPS 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 1.79%. Research analysts forecast that Klabin SA will post 0.21 earnings per share 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.