Klabin (OTCMKTS:KLBAY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Klabin S.A. (OTCMKTS:KLBAY)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.43 and traded as low as $7.33. Klabin shares last traded at $7.33, with a volume of 334 shares trading hands.

Wall Street Analysts Forecast Growth

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

Klabin Trading Down 4.3 %

The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 6.41 and a beta of 1.08. The business’s 50 day moving average is $7.31 and its 200 day moving average is $7.43. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76.

Klabin Cuts Dividend

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

About Klabin

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.