Klabin (OTCMKTS:KLBAY) Shares Gap Down - Here's What Happened

Key Points

• Shares gapped down — Klabin opened at $6.96 on Monday after closing at $7.4525, with only 110 shares changing hands.
• Analyst outlook is mixed — Itau BBA cut the stock to "market perform," while MarketBeat's consensus remains a "Moderate Buy" (1 Strong Buy, 2 Holds).
• Quarterly results were mixed — Klabin beat EPS estimates ($0.13 vs. $0.08) but missed revenue forecasts ($956.4M vs. $972.7M); valuation metrics include a P/E of 13.48 and PEG of 0.39.

Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $7.4525, but opened at $6.96. Klabin shares last traded at $6.96, with a volume of 110 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Itau BBA Securities cut shares of Klabin to a "market perform" rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Klabin presently has an average rating of "Moderate Buy".

Klabin Price Performance

The firm has a fifty day moving average of $7.52 and a two-hundred day moving average of $7.14. The company has a current ratio of 2.06, a quick ratio of 1.64 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $21.72 billion, a PE ratio of 13.48, a PEG ratio of 0.39 and a beta of 0.74.

Klabin (OTCMKTS:KLBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The basic materials company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $956.36 million for the quarter, compared to analysts' expectations of $972.70 million. Klabin had a return on equity of 11.06% and a net margin of 7.13%. Research analysts anticipate that Klabin SA will post 0.02 EPS for the current fiscal year.

About Klabin

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.

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