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

Klabin SA (OTCMKTS:KLBAY) gapped down before the market opened on Friday. The stock had previously closed at $7.34, but opened at $7.0150. Klabin shares last traded at $7.0150, with a volume of 871 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Klabin from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Klabin Trading Up 3.8%

The company has a current ratio of 2.00, a quick ratio of 1.55 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $22.03 billion, a P/E ratio of 41.80, a PEG ratio of 1.74 and a beta of 0.65. The business has a 50 day moving average of $7.21 and a 200-day moving average of $7.08.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Klabin had a return on equity of 1.72% and a net margin of 1.26%. Analysts anticipate that Klabin SA will post 0.27 EPS for the current fiscal year.

About Klabin

Klabin SA is a Brazil-based paper, packaging and forestry company. Founded in 1899, it operates an integrated business model that spans the cultivation of planted forests, production of pulp and manufacture of paper and packaging products.

The company produces kraftliner and other papers, bleached hardwood and softwood pulp, fluff pulp, corrugated boxes, industrial sacks and flexible packaging. It also sells timber and related forestry products, serving customers in industries such as food and beverages, agriculture, construction, consumer goods and logistics.

Klabin operates an extensive industrial and forestry platform in Brazil and serves domestic and international markets through exports.