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

Klabin SA (OTCMKTS:KLBAY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $6.77, but opened at $6.53. Klabin shares last traded at $6.53, with a volume of 126 shares.

Analysts Set New Price Targets

Separately, Itau BBA Securities lowered 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 one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Klabin Price Performance

The business’s 50 day moving average is $7.10 and its 200-day moving average is $7.25. The firm has a market capitalization of $20.50 billion, a P/E ratio of 26.58, a PEG ratio of 0.92 and a beta of 0.65. The company has a quick ratio of 1.37, a current ratio of 1.78 and a debt-to-equity ratio of 2.01.

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.