Klabin (OTCMKTS:KLBAY) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Klabin shares fell below their 200-day moving average of $7.18, trading as low as $6.5956 before closing at $7.12, down about 1.5%.
• Analyst sentiment is neutral: Zacks Research upgraded the stock from “strong sell” to “hold,” while the two analysts covering Klabin maintain an average “Hold” rating.
• Klabin missed quarterly earnings expectations, reporting adjusted EPS of $0.09 versus the $0.11 consensus estimate, though revenue matched forecasts at $1.02 billion.

Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $7.18 and traded as low as $6.5956. Klabin shares last traded at $7.12, with a volume of 9,965 shares traded.

Wall Street Analyst Weigh In

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

Klabin Trading Down 1.5%

The stock has a 50-day moving average of $7.26 and a two-hundred day moving average of $7.18. The company has a market cap of $22.22 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.61. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.55 and a current ratio of 2.00.

Klabin (OTCMKTS:KLBAY - Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Klabin had a return on equity of 1.72% and a net margin of 1.26%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts predict that Klabin SA will post 0.26 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.