Klabin (OTCMKTS:KLBAY) Stock Price Crosses Below Two Hundred Day Moving Average After Earnings Miss

Klabin S.A. (OTCMKTS:KLBAY) shares passed below its two hundred day moving average during trading on Thursday following a dissappointing earnings announcement. The stock has a two hundred day moving average of $7.07 and traded as low as $6.78. Klabin shares last traded at $6.90, with a volume of 3,943 shares changing hands.

The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.21). The firm had revenue of $828.57 million for the quarter, compared to analyst estimates of $4.80 billion. Klabin had a return on equity of 16.80% and a net margin of 10.95%.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.0718 dividend. The ex-dividend date of this dividend was Monday, March 10th. Klabin’s dividend payout ratio is 10.91%.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Klabin to a “hold” rating in a research report on Thursday, April 10th.

Klabin Stock Performance

The stock has a fifty day moving average price of $6.57 and a 200 day moving average price of $7.06. The company has a current ratio of 2.30, a quick ratio of 1.76 and a debt-to-equity ratio of 2.92. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 6.41 and a beta of 1.05.

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.