Klabin (OTCMKTS:KLBAY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Klabin (OTCMKTS:KLBAY) from a strong sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

Klabin Stock Performance

Shares of KLBAY opened at $7.22 on Wednesday. The stock has a fifty day moving average of $7.56 and a two-hundred day moving average of $7.75. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The company has a market capitalization of $4.46 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.76 and a beta of 1.12. Klabin has a fifty-two week low of $6.75 and a fifty-two week high of $9.33.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.