Klabin (OTCMKTS:KLBAY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Klabin SA experienced a 30% increase in trading volume, with 6,242 shares traded recently, while the stock price rose to $6.55 from a previous close of $6.48.
• Analysts from Jefferies Financial Group upgraded Klabin to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" among research analysts.
• The company recently declared a substantial dividend of $0.0911 per share, marking a significant increase from its previous dividend offering.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) shares saw an uptick in trading volume on Friday . 6,242 shares changed hands during mid-day trading, an increase of 30% from the previous session's volume of 4,797 shares.The stock last traded at $6.55 and had previously closed at $6.48.

Wall Street Analysts Forecast Growth

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

Klabin Price Performance

The company has a quick ratio of 1.59, a current ratio of 2.11 and a debt-to-equity ratio of 2.56. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.65 and a beta of 0.85. The company has a fifty day simple moving average of $6.82 and a two-hundred day simple moving average of $6.76.

Klabin (OTCMKTS:KLBAY - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $913.44 million for the quarter, compared to analyst estimates of $5.48 billion. Klabin had a net margin of 9.90% and a return on equity of 18.24%. On average, equities research analysts anticipate that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Increases Dividend

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

Klabin Company Profile

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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