Shares of Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.80 and last traded at $6.80, with a volume of 409 shares. The stock had previously closed at $7.40.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded Klabin from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 30th.
Check Out Our Latest Analysis on Klabin
Klabin Stock Performance
The stock has a fifty day simple moving average of $7.30 and a 200-day simple moving average of $7.42. The stock has a market cap of $22.65 billion, a P/E ratio of 11.37, a PEG ratio of 6.09 and a beta of 1.08. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30.
Klabin Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.0718 per share. The ex-dividend date is Monday, December 23rd. Klabin's dividend payout ratio (DPR) is presently 37.24%.
About Klabin
(
Get Free Report)
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.
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