Klabin (OTCMKTS:KLBAY) Trading 17.5% Higher – Here’s Why

Klabin SA (OTCMKTS:KLBAY)’s stock price traded up 17.5% during trading on Wednesday . The stock traded as high as $7.99 and last traded at $7.99. 139 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 9,659 shares. The stock had previously closed at $6.80.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Klabin to a “strong-buy” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Klabin presently has a consensus rating of “Buy”.

Klabin Stock Up 18.5%

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.50 and a beta of 0.88. The business’s 50 day simple moving average is $6.92 and its 200-day simple moving average is $6.92.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Klabin had a return on equity of 14.04% and a net margin of 7.93%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $976.55 million. Sell-side analysts expect that Klabin SA will post 0.02 earnings per share 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.