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

Shares of Klabin S.A. (OTCMKTS:KLBAY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.55 and traded as low as $7.13. Klabin shares last traded at $7.13, with a volume of 336 shares changing hands.

Analysts Set New Price Targets

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

Klabin Price Performance

The stock has a market cap of $4.41 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 15.25 and a beta of 1.10. The stock’s fifty day moving average is $7.36 and its 200-day moving average is $7.55. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.85 and a quick ratio of 2.39.

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s dividend payout ratio is currently 37.50%.

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.