Klabin (KLBAY) Upgraded by ValuEngine to “Hold”

Klabin (OTCMKTS:KLBAY) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

OTCMKTS:KLBAY traded up $0.93 during trading hours on Friday, reaching $10.69. The stock had a trading volume of 365 shares, compared to its average volume of 12,513. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.90 and a quick ratio of 2.60. Klabin has a 12-month low of $9.46 and a 12-month high of $12.80.

Klabin (OTCMKTS:KLBAY) last released its earnings results on Monday, July 30th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter. Klabin had a negative return on equity of 6.24% and a negative net margin of 5.04%. The firm had revenue of $628.44 million during the quarter.

Klabin Company Profile

Klabin SA, together with its subsidiaries, operates in the paper and pulp industry in Brazil. It operates through Forestry, Paper, Conversion, and Pulp segments. The Forestry segment engages in planting and growing pine and eucalyptus trees, as well as sells timber to third parties. The Paper segment produces and sells cardboard, kraftliner, and recycled paper rolls.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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