Klabin (OTCMKTS:KLBAY) Sets New 12-Month Low – Here’s What Happened

Klabin SA (OTCMKTS:KLBAY) reached a new 52-week low on Friday. The stock traded as low as $6.16 and last traded at $6.16, with a volume of 7,563 shares trading hands. The stock had previously closed at $6.2850.

Analyst Upgrades and Downgrades

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

Klabin Price Performance

The company has a debt-to-equity ratio of 2.04, a current ratio of 2.00 and a quick ratio of 1.55. The company has a 50-day moving average price of $7.08 and a two-hundred day moving average price of $7.14. The company has a market cap of $19.22 billion, a PE ratio of 44.00, a P/E/G ratio of 1.55 and a beta of 0.68.

About Klabin

Klabin is a Brazilian paper and packaging company with an integrated business that spans forestry, pulp production, paper manufacturing and conversion into finished packaging. Founded in 1899, the company is headquartered in São Paulo, Brazil. Its products include market pulp made from eucalyptus and pine, fluff pulp, containerboard, corrugated boxes, industrial paper bags and other paper-based packaging. Klabin also manages planted forests that supply much of the wood used in its operations. Klabin serves customers in Brazil and international markets, supplying industries that include food and beverages, e-commerce, personal care and agriculture.