Klabin (OTCMKTS:KLBAY) Sees Large Volume Increase - Here's Why

Key Points

• Klabin SA experienced a significant increase in trading volume, with approximately 74,173 shares changing hands, marking a 2,049% rise from the previous session.
• Jefferies Financial Group upgraded Klabin to a "strong-buy" rating, contributing to the company's current average rating of "Moderate Buy."
• Klabin recently announced a dividend increase to $0.0911 per share, representing a yield of 490.0%, up from the previous dividend of $0.01.

Shares of Klabin SA (OTCMKTS:KLBAY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 74,173 shares changed hands during trading, an increase of 2,049% from the previous session's volume of 3,451 shares.The stock last traded at $6.80 and had previously closed at $6.74.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Klabin to a "strong-buy" rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Klabin Stock Performance

The stock has a market cap of $20.58 billion, a P/E ratio of 11.10, a P/E/G ratio of 0.51 and a beta of 0.85. The business's 50-day moving average price is $6.97 and its 200-day moving average price is $6.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.59 and a current ratio of 2.11.

Klabin (OTCMKTS:KLBAY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Klabin had a net margin of 9.90% and a return on equity of 18.24%. The firm had revenue of $913.44 million for the quarter, compared to the consensus estimate of $5.48 billion. As a group, sell-side analysts expect that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.0911 per share. This represents a yield of 490.0%. The ex-dividend date was Friday, August 15th. This is a positive change from Klabin's previous dividend of $0.01. Klabin's dividend payout ratio (DPR) is 61.67%.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.

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