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

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.55 and traded as low as $7.13. Klabin shares last traded at $7.13, with a volume of 336 shares traded.

Analysts Set New Price Targets

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

Klabin Price Performance

The business has a fifty day moving average of $7.36 and a 200 day moving average of $7.55. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.85 and a quick ratio of 2.39. The stock has a market cap of $4.41 billion, a PE ratio of 11.06, a P/E/G ratio of 15.25 and a beta of 1.10.

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 paid a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin's dividend payout ratio (DPR) is 37.50%.

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.