Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – Still a Buy?

Klabin SA (OTCMKTS:KLBAY) shares saw strong trading volume on Tuesday. Approximately 9,775 shares were traded during trading, an increase of 124% from the previous session’s volume of 4,370 shares. The stock last traded at $7.2550 and had previously closed at $7.30.

Analysts Set New Price Targets

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

Klabin Trading Down 0.2%

The company has a market cap of $22.73 billion, a price-to-earnings ratio of 43.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. The business’s fifty day moving average price is $7.24 and its 200 day moving average price is $7.06. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.00 and a quick ratio of 1.55.

Klabin (OTCMKTS:KLBAY) last issued 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Klabin had a return on equity of 1.72% and a net margin of 1.26%. Research analysts anticipate that Klabin SA will post 0.27 earnings per share for the current fiscal year.

About Klabin

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.