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

Shares of Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Thursday . Approximately 13,345 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 5,125 shares.The stock last traded at $6.50 and had previously closed at $6.61.

Analysts Set New Price Targets

Separately, Itau BBA Securities downgraded shares of Klabin to a “market perform” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Klabin Price Performance

The firm’s fifty day simple moving average is $7.07 and its 200 day simple moving average is $7.24. The firm has a market cap of $20.25 billion, a P/E ratio of 26.25, a P/E/G ratio of 0.88 and a beta of 0.65. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.37 and a current ratio of 1.78.

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.