Klabin (OTCMKTS:KLBAY) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Klabin S.A. (OTCMKTS:KLBAY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.43 and traded as low as $7.40. Klabin shares last traded at $7.40, with a volume of 345 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Klabin from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

Klabin Stock Performance

The company has a market cap of $22.86 billion, a PE ratio of 11.48, a PEG ratio of 6.09 and a beta of 1.08. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30. The firm’s 50 day moving average is $7.33 and its 200-day moving average is $7.43.

Klabin Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be paid a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s dividend payout ratio is presently 37.24%.

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.