Klabin (OTCMKTS:KLBAY) Stock Passes Below 200-Day Moving Average - Time to Sell?

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.51 and traded as low as $7.00. Klabin shares last traded at $7.23, with a volume of 28,600 shares.

Wall Street Analysts Forecast Growth

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 Stock Performance

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 business has a 50-day moving average of $7.34 and a 200-day moving average of $7.51. The company has a market capitalization of $4.47 billion, a P/E ratio of 11.22, a P/E/G ratio of 14.92 and a beta of 1.10.

Klabin Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors 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 payout ratio is currently 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.