Klabin (OTCMKTS:KLBAY) Stock Crosses Below 200-Day Moving Average - Here's Why

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.43 and traded as low as $7.40. Klabin shares last traded at $7.40, with a volume of 345 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Klabin from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 30th.

Klabin Trading Up 7.8 %

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 stock has a market capitalization of $22.65 billion, a PE ratio of 11.37, a PEG ratio of 6.09 and a beta of 1.08. The stock's 50 day simple moving average is $7.30 and its two-hundred day simple moving average is $7.42.

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 paid a $0.0718 dividend. The ex-dividend date is Monday, December 23rd. Klabin's payout ratio is 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.