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

Shares of Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Wednesday . Approximately 12,883 shares traded hands during mid-day trading, an increase of 173% from the previous session’s volume of 4,722 shares.The stock last traded at $6.70 and had previously closed at $6.68.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities cut Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Klabin Stock Performance

The business has a 50-day moving average of $7.21 and a 200 day moving average of $7.26. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.06 and a quick ratio of 1.64. The company has a market cap of $20.97 billion, a PE ratio of 27.18, a PEG ratio of 0.90 and a beta of 0.70.

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.