Klabin (OTCMKTS:KLBAY) Shares Gap Down – Should You Sell?

Klabin SA (OTCMKTS:KLBAY) gapped down prior to trading on Wednesday . The stock had previously closed at $8.12, but opened at $7.5350. Klabin shares last traded at $7.55, with a volume of 19,071 shares.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities cut shares of Klabin to a “market perform” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Klabin Trading Down 2.0%

The stock has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $7.08. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. The firm has a market cap of $23.47 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Klabin had a return on equity of 11.36% and a net margin of 7.13%.The company had revenue of $956.36 million for the quarter, compared to analysts’ expectations of $972.70 million. On average, research analysts expect 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.