Klabin (OTCMKTS:KLBAY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Klabin SA (OTCMKTS:KLBAY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.83 and traded as high as $7.00. Klabin shares last traded at $7.00, with a volume of 324 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Klabin Stock Up 2.4%

The company has a current ratio of 2.11, a quick ratio of 1.59 and a debt-to-equity ratio of 2.56. The firm has a market cap of $21.63 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.67 and a beta of 0.87. The stock’s fifty day moving average is $6.81 and its two-hundred day moving average is $6.83.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $976.55 million. Klabin had a net margin of 7.93% and a return on equity of 15.34%. As a group, research analysts anticipate that Klabin SA will post 0.02 earnings per share for the current year.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.