Klabin (OTCMKTS:KLBAY) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Klabin S.A. (OTCMKTS:KLBAY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

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 Stock Performance

The firm’s 50 day moving average is $7.36 and its 200-day moving average is $7.55. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 15.25 and a beta of 1.10. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85.

Klabin Cuts Dividend

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

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.