Klabin (OTCMKTS:KLBAY) Shares Gap Down - What's Next?

Key Points

• Klabin shares gapped down from a prior close of $7.2250 to open at $6.6518, later trading at $6.5956 with 8,022 shares changing hands.
• Zacks Research upgraded Klabin from “strong sell” to “hold,” while the two analysts covering the stock maintain an average Hold rating.
• The company reported quarterly EPS of $0.09, below the $0.11 consensus estimate, while revenue matched forecasts at $1.02 billion; analysts expect full-year EPS of $0.26.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $7.2250, but opened at $6.6518. Klabin shares last traded at $6.5956, with a volume of 8,022 shares changing hands.

Wall Street Analysts Forecast Growth

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

Klabin Trading Down 2.6%

The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.55 and a current ratio of 2.00. The business has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $7.04. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 1.79 and a beta of 0.61.

Klabin (OTCMKTS:KLBAY - Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share 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 the consensus estimate of $1.02 billion. As a group, research analysts forecast that Klabin SA will post 0.26 EPS for the current year.

About Klabin

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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