Klabin (OTCMKTS:KLBAY) Shares Gap Down – Here’s What Happened

Klabin SA (OTCMKTS:KLBAY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $7.68, but opened at $6.9430. Klabin shares last traded at $6.9430, with a volume of 115 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Klabin Price Performance

The firm has a fifty day simple moving average of $6.97 and a 200 day simple moving average of $6.93. The company has a market capitalization of $21.67 billion, a PE ratio of 14.03, a P/E/G ratio of 1.55 and a beta of 0.88. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12.

Klabin (OTCMKTS:KLBAY) last issued its earnings results 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 return on equity of 14.04% and a net margin of 7.93%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $976.55 million. Equities analysts anticipate that Klabin SA will post 0.02 EPS for the current 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.