Klabin (OTCMKTS:KLBAY) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Klabin S.A. (OTCMKTS:KLBAY) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.50 and traded as low as $6.85. Klabin shares last traded at $7.63, with a volume of 714 shares.

Wall Street Analyst Weigh In

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

Klabin Stock Up 5.5 %

The company has a market capitalization of $4.71 billion, a PE ratio of 11.84, a P/E/G ratio of 14.92 and a beta of 1.07. The company has a current ratio of 2.85, a quick ratio of 2.39 and a debt-to-equity ratio of 2.89. The firm has a 50 day simple moving average of $7.34 and a two-hundred day simple moving average of $7.50.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be given a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is 37.50%.

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.