Klabin (OTCMKTS:KLBAY) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Klabin S.A. (OTCMKTS:KLBAY) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.51 and traded as low as $7.00. Klabin shares last traded at $7.23, with a volume of 28,600 shares.

Analysts Set New Price Targets

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

Klabin Price Performance

The company has a debt-to-equity ratio of 2.89, a current ratio of 2.85 and a quick ratio of 2.39. The company has a 50 day moving average price of $7.34 and a 200 day moving average price of $7.51. The firm has a market cap of $4.47 billion, a PE ratio of 11.22, a PEG ratio of 14.92 and a beta of 1.07.

Klabin Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be paid a $0.0718 dividend. The ex-dividend date is Monday, December 23rd. Klabin’s payout ratio is 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.