Klabin (OTCMKTS:KLBAY) Shares Gap Down – What’s Next?

Klabin SA (OTCMKTS:KLBAY) gapped down before the market opened 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 trading 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Klabin Stock Down 1.2%

The company has a 50-day moving average of $6.97 and a 200-day moving average of $6.93. The company has a current ratio of 2.12, a quick ratio of 1.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.55 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Klabin had a return on equity of 14.04% and a net margin of 7.93%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $976.55 million. On average, equities analysts predict that Klabin SA will post 0.02 earnings per share for the current fiscal 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.