Klabin (OTCMKTS:KLBAY) Sees Strong Trading Volume – Should You Buy?

Klabin SA (OTCMKTS:KLBAY) shares saw unusually-strong trading volume on Friday . Approximately 18,062 shares traded hands during trading, an increase of 90% from the previous session’s volume of 9,491 shares.The stock last traded at $7.19 and had previously closed at $8.1544.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Klabin to a “strong-buy” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Klabin Stock Performance

The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. The company has a market capitalization of $22.00 billion, a PE ratio of 14.24, a PEG ratio of 1.75 and a beta of 0.88. The company has a 50 day moving average price of $6.91 and a 200 day moving average price of $6.91.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Klabin had a return on equity of 14.04% and a net margin of 7.93%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $976.55 million. Equities analysts forecast that Klabin SA will post 0.02 EPS for the current 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.