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

Shares of Klabin SA (OTCMKTS:KLBAY) gapped down prior to trading on Monday . The stock had previously closed at $7.4525, but opened at $6.96. Klabin shares last traded at $6.96, with a volume of 110 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Klabin has a consensus rating of “Moderate Buy”.

Klabin Price Performance

The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.39 and a beta of 0.74. The company has a current ratio of 2.06, a quick ratio of 1.64 and a debt-to-equity ratio of 2.43. The firm’s 50 day simple moving average is $7.53 and its 200-day simple moving average is $7.14.

Klabin (OTCMKTS:KLBAY) last released its earnings results on Wednesday, February 11th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $956.36 million during the quarter, compared to analysts’ expectations of $972.70 million. Klabin had a net margin of 7.13% and a return on equity of 11.06%. On average, sell-side analysts anticipate that Klabin SA will post 0.02 EPS for the current fiscal year.

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.