Klabin (OTCMKTS:KLBAY) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.50 and traded as high as $7.63. Klabin shares last traded at $7.63, with a volume of 714 shares traded.

Analyst Ratings Changes

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 Price Performance

The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76. The company has a 50-day simple moving average of $7.34 and a 200-day simple moving average of $7.50.

Klabin Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, December 23rd. Klabin's payout ratio is currently 37.24%.

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.