Klabin (OTCMKTS:KLBAY) Sees Unusually-High Trading Volume – Time to Buy?

Klabin SA (OTCMKTS:KLBAY) shares saw an uptick in trading volume on Thursday . Approximately 14,073 shares changed hands during mid-day 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Klabin Price Performance

The business’s fifty day moving average is $6.82 and its 200 day moving average is $7.13. The firm has a market capitalization of $21.94 billion, a P/E ratio of 41.62, a P/E/G ratio of 2.07 and a beta of 0.65. The company has a current ratio of 1.78, a quick ratio of 1.37 and a debt-to-equity ratio of 2.01.

Klabin (OTCMKTS:KLBAY) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Klabin had a return on equity of 1.79% and a net margin of 1.26%. As a group, analysts forecast that Klabin SA will post 0.21 EPS for the current year.

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.