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

Key Points

• Klabin’s trading volume rose 45% to approximately 6,314 shares, while the stock edged up 0.1% to $7.15.
• Zacks Research upgraded Klabin from “strong sell” to “hold,” matching the consensus rating from two covering analysts.
• The company reported quarterly EPS of $0.09, missing estimates of $0.11, while revenue of $1.02 billion met expectations; analysts forecast full-year EPS of $0.26.

Shares of Klabin SA (OTCMKTS:KLBAY - Get Free Report) saw unusually-high trading volume on Friday. Approximately 6,314 shares changed hands during trading, an increase of 45% from the previous session's volume of 4,341 shares. The stock last traded at $7.15 and had previously closed at $7.1450.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Klabin from a "strong sell" rating to a "hold" rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of "Hold".

Klabin Stock Up 0.1%

The firm's 50 day moving average is $7.26 and its two-hundred day moving average is $7.04. The firm has a market cap of $22.31 billion, a P/E ratio of 42.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. The company has a current ratio of 2.00, a quick ratio of 1.55 and a debt-to-equity ratio of 2.04.

Klabin (OTCMKTS:KLBAY - Get Free Report) last posted its earnings results 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 net margin of 1.26% and a return on equity of 1.72%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts anticipate that Klabin SA will post 0.26 EPS for the current fiscal year.

Klabin Company Profile

Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.

Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.

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