Klabin (OTCMKTS:KLBAY) Sees Unusually-High Trading Volume – Time to Buy?

Klabin SA (OTCMKTS:KLBAY) shares saw an uptick in trading volume on Friday . 18,062 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 9,491 shares.The stock last traded at $7.19 and had previously closed at $8.1544.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised 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 issued a Hold rating to the stock. According to data from MarketBeat, Klabin presently has a consensus rating of “Buy”.

Klabin Stock Down 13.6%

The company has a market capitalization of $21.57 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.88. The firm’s 50 day moving average price is $6.90 and its two-hundred day moving average price is $6.91. The company has a current ratio of 2.12, a quick ratio of 1.67 and a debt-to-equity ratio of 2.32.

Klabin (OTCMKTS:KLBAY) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Klabin had a net margin of 7.93% and a return on equity of 14.04%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $976.55 million. Sell-side analysts anticipate 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.