Klabin (OTCMKTS:KLBAY) Shares Down 16.4% – Should You Sell?

Klabin SA (OTCMKTS:KLBAY) shares traded down 16.4% during mid-day trading on Thursday . The stock traded as low as $8.15 and last traded at $8.15. 200 shares were traded during trading, a decline of 98% from the average session volume of 9,536 shares. The stock had previously closed at $9.75.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Klabin to a “strong-buy” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Klabin Stock Performance

The firm has a market capitalization of $21.78 billion, a PE ratio of 14.10, a P/E/G ratio of 2.00 and a beta of 0.88. The company has a debt-to-equity ratio of 2.32, a current ratio of 2.12 and a quick ratio of 1.67. The business has a 50-day simple moving average of $6.91 and a 200-day simple moving average of $6.91.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Klabin had a net margin of 7.93% and a return on equity of 14.04%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $976.55 million. Equities research analysts expect that Klabin SA will post 0.02 earnings per share for the current fiscal year.

About Klabin

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.