Klabin (OTCMKTS:KLBAY) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Klabin S.A. (OTCMKTS:KLBAY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.68 and traded as low as $7.19. Klabin shares last traded at $7.19, with a volume of 210 shares traded.

Analyst Ratings Changes

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

Klabin Stock Performance

The stock’s 50-day simple moving average is $7.46 and its 200-day simple moving average is $7.68. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 2.81 and a beta of 1.13. The company has a current ratio of 2.85, a quick ratio of 2.39 and a debt-to-equity ratio of 2.89.

Klabin Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0995 per share. The ex-dividend date of this dividend is Friday, November 15th. Klabin’s dividend payout ratio (DPR) is presently 60.94%.

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.