Klabin (OTCMKTS:KLBAY) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) passed below 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 low as $6.85. Klabin shares last traded at $7.63, with a volume of 714 shares trading hands.

Analyst Upgrades and Downgrades

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 Price Performance

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

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Investors 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 dividend payout ratio is currently 37.24%.

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.