Klabin (OTCMKTS:KLBAY) Shares Gap Up – Should You Buy?

Klabin SA (OTCMKTS:KLBAY) gapped up before the market opened on Thursday. The stock had previously closed at $7.02, but opened at $7.5125. Klabin shares last traded at $7.5125, with a volume of 6,000 shares traded.

Wall Street Analysts Forecast Growth

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

Klabin Price Performance

The stock has a market capitalization of $22.72 billion, a P/E ratio of 43.10, a PEG ratio of 1.74 and a beta of 0.61. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.55 and a current ratio of 2.00. The business has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $7.06.

Klabin (OTCMKTS:KLBAY) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Klabin had a net margin of 1.26% and a return on equity of 1.72%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Sell-side analysts expect 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.