Klabin (OTCMKTS:KLBAY) Shares Cross Below 200-Day Moving Average of $8.17

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 $8.17 and traded as low as $7.71. Klabin shares last traded at $7.71, with a volume of 1,352 shares changing hands.

Klabin Trading Down 0.5 %

The firm has a market capitalization of $4.76 billion, a PE ratio of 11.86, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a fifty day moving average price of $7.97 and a two-hundred day moving average price of $8.17.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $894.74 million during the quarter. As a group, equities research analysts predict 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. Investors of record on Tuesday, May 7th were given a $0.1157 dividend. This represents a yield of 4.79%. The ex-dividend date of this dividend was Monday, May 6th. This is a boost from Klabin’s previous dividend of $0.01. Klabin’s payout ratio is 70.77%.

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.