Klabin (OTCMKTS:KLBAY) Stock Passes Above 200-Day Moving Average – Should You Sell?

Klabin SA (OTCMKTS:KLBAY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.12 and traded as high as $7.29. Klabin shares last traded at $7.29, with a volume of 164 shares.

Analyst Ratings Changes

Separately, Itau BBA Securities cut shares of Klabin to a “market perform” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Klabin Trading Down 5.0%

The firm has a market capitalization of $22.75 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.74. The company has a fifty day moving average of $7.49 and a 200-day moving average of $7.12. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.06 and a quick ratio of 1.67.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings data on Wednesday, February 11th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $956.36 million for the quarter, compared to analyst estimates of $972.70 million. Klabin had a net margin of 7.13% and a return on equity of 11.06%. On average, sell-side analysts anticipate that Klabin SA will post 0.02 earnings per share for the current fiscal 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.