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

Klabin SA (OTCMKTS:KLBAY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $7.02, but opened at $7.5125. Klabin shares last traded at $7.5125, with a volume of 6,000 shares trading hands.

Analyst Ratings Changes

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

Klabin Trading Up 0.0%

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 company has a market cap of $22.75 billion, a PE ratio of 43.16, a PEG ratio of 1.71 and a beta of 0.61. The stock has a 50 day moving average price of $7.23 and a 200 day moving average price of $7.05.

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

Klabin Company Profile

Klabin SA is a Brazilian producer of paper, packaging and forestry products. Founded in 1899, the company operates an integrated business model that includes planted forests, pulp production, paper manufacturing and the conversion of paper into packaging products.

Klabin’s product portfolio includes corrugated boxes, industrial bags, paperboard, kraft paper and other paper-based packaging solutions. It also produces hardwood and softwood pulp, which is used internally and sold to customers in the paper and packaging industries.