Klabin (OTCMKTS:KLBAY) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Klabin S.A. (OTCMKTS:KLBAY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.99 and traded as high as $8.05. Klabin shares last traded at $8.05, with a volume of 100 shares traded.

Klabin Stock Performance

The business has a fifty day moving average price of $7.66 and a 200 day moving average price of $7.98. The company has a market capitalization of $4.83 billion, a PE ratio of 12.02 and a beta of 1.12.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $0.08 EPS for the quarter. The company had revenue of $934.43 million for the quarter. Klabin had a return on equity of 12.97% and a net margin of 8.84%. Research analysts forecast that Klabin S.A. will post 0.4 earnings per share for the current fiscal year.

Klabin Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a $0.1199 dividend. This is an increase from Klabin’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, August 9th. Klabin’s dividend payout ratio (DPR) is 75.38%.

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.