Klabin (OTCMKTS:KLBAY) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Klabin S.A. (OTCMKTS:KLBAY) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.43 and traded as low as $7.40. Klabin shares last traded at $7.40, with a volume of 345 shares trading hands.

Analyst Ratings Changes

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 Stock Down 0.2 %

The business’s 50-day moving average is $7.33 and its 200-day moving average is $7.43. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 24th. Shareholders 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 currently 37.24%.

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.