Klabin (OTCMKTS:KLBAY) Shares Gap Down – Should You Sell?

Klabin SA (OTCMKTS:KLBAY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.20, but opened at $6.85. Klabin shares last traded at $6.85, with a volume of 5,500 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Klabin Trading Down 3.5%

The business has a fifty day moving average of $6.78 and a 200-day moving average of $6.87. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. The company has a market capitalization of $21.47 billion, a P/E ratio of 13.90, a PEG ratio of 1.77 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Klabin had a return on equity of 14.04% and a net margin of 7.93%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $976.55 million. Analysts anticipate that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.