Klabin (OTCMKTS:KLBAY) Stock Price Crosses Below 200-Day Moving Average of $8.18

Klabin S.A. (OTCMKTS:KLBAY)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.18 and traded as low as $7.28. Klabin shares last traded at $7.53, with a volume of 246 shares changing hands.

Klabin Price Performance

The firm has a market cap of $4.65 billion, a P/E ratio of 11.58, a PEG ratio of 1.29 and a beta of 1.13. The firm’s 50-day moving average price is $8.11 and its 200 day moving average price is $8.18.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $894.74 million for the quarter. Analysts forecast that Klabin S.A. will post 0.43 earnings per share for the current year.

Klabin Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 7th were given a dividend of $0.1157 per share. This represents a dividend yield of 4.79%. This is a boost from Klabin’s previous dividend of $0.01. The ex-dividend date was Monday, May 6th. Klabin’s dividend payout ratio is presently 70.77%.

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.