Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase – Should You Buy?

Klabin SA (OTCMKTS:KLBAY) saw unusually-high trading volume on Wednesday . Approximately 9,644 shares changed hands during trading, an increase of 104% from the previous session’s volume of 4,728 shares.The stock last traded at $7.45 and had previously closed at $7.12.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities lowered shares of Klabin to a “market perform” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Klabin Price Performance

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 capitalization of $23.09 billion, a PE ratio of 14.34, a PEG ratio of 0.41 and a beta of 0.74. The firm has a 50-day moving average of $7.54 and a 200 day moving average of $7.14.

Klabin (OTCMKTS:KLBAY) last issued its earnings results on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $956.36 million during the quarter, compared to analyst estimates of $972.70 million. Klabin had a return on equity of 11.06% and a net margin of 7.13%. As a group, research analysts anticipate that Klabin SA will post 0.02 earnings per share 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.