Klabin (OTCMKTS:KLBAY) Trading Up 17.5% – Still a Buy?

Klabin SA (OTCMKTS:KLBAY) shares shot up 17.5% during trading on Wednesday . The company traded as high as $7.99 and last traded at $7.99. 139 shares were traded during mid-day trading, a decline of 99% from the average session volume of 9,659 shares. The stock had previously closed at $6.80.

Wall Street Analyst Weigh In

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

Klabin Price Performance

The company has a current ratio of 2.12, a quick ratio of 1.67 and a debt-to-equity ratio of 2.32. The stock has a 50 day simple moving average of $6.96 and a 200-day simple moving average of $6.93. The firm has a market cap of $23.97 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.69 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $0.11 EPS 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 business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $976.55 million. Equities 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.