Klabin (OTCMKTS:KLBAY) Stock Price Down 10.7% – Should You Sell?

Shares of Klabin SA (OTCMKTS:KLBAY) were down 10.7% during trading on Friday . The stock traded as low as $6.86 and last traded at $6.86. Approximately 2,204 shares changed hands during trading, a decline of 77% from the average daily volume of 9,543 shares. The stock had previously closed at $7.68.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Klabin has an average rating of “Buy”.

Klabin Stock Down 8.5%

The business’s 50 day moving average price is $6.97 and its 200-day moving average price is $6.93. 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 firm has a market capitalization of $21.94 billion, a PE ratio of 14.20, a P/E/G ratio of 1.55 and a beta of 0.88.

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

Klabin Company Profile

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.