Klabin (OTCMKTS:KLBAY) Shares Gap Down – Here’s What Happened

Klabin SA (OTCMKTS:KLBAY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $8.31, but opened at $7.77. Klabin shares last traded at $7.76, with a volume of 307 shares.

Analysts Set New Price Targets

Separately, Itau BBA Securities downgraded shares of Klabin to a “market perform” rating in a report 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Klabin Price Performance

The firm has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $7.02. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.98 and a beta of 0.81. 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 issued its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $956.36 million during the quarter, compared to analysts’ expectations of $972.70 million. Klabin had a return on equity of 11.36% and a net margin of 7.13%. As a group, analysts predict 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.