Klabin (OTCMKTS:KLBAY) Stock Price Passes Below 200 Day Moving Average of $8.04

Klabin S.A. (OTCMKTS:KLBAY)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.04 and traded as low as $7.45. Klabin shares last traded at $7.45, with a volume of 266 shares changing hands.

Klabin Stock Down 2.6 %

The business has a 50 day moving average price of $7.57 and a two-hundred day moving average price of $8.04. The stock has a market cap of $4.60 billion, a P/E ratio of 11.46 and a beta of 1.12.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings results on Monday, July 29th. The basic materials company reported $0.08 earnings per share for the quarter. The business had revenue of $934.43 million during the quarter. On average, research analysts forecast that Klabin S.A. will post 0.4 earnings per share for the current year.

Klabin Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be paid a $0.1199 dividend. This is an increase from Klabin’s previous dividend of $0.12. The ex-dividend date is Friday, August 9th. Klabin’s payout ratio is presently 73.85%.

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.