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

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.78 and traded as low as $7.28. Klabin shares last traded at $7.28, with a volume of 7,707 shares trading hands.

Klabin Price Performance

The stock's 50-day moving average price is $7.62 and its two-hundred day moving average price is $7.78. The stock has a market capitalization of $4.50 billion, a P/E ratio of 11.20, a P/E/G ratio of 2.76 and a beta of 1.12. The company has a current ratio of 2.85, a quick ratio of 2.39 and a debt-to-equity ratio of 2.89.

Klabin (OTCMKTS:KLBAY - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $0.08 EPS for the quarter. The company had revenue of $934.43 million during the quarter. Klabin had a net margin of 8.84% and a return on equity of 12.46%. As a group, research analysts expect that Klabin S.A. will post 0.58 earnings per share for the current fiscal year.

Klabin Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were issued a $0.1199 dividend. The ex-dividend date was Friday, August 9th. This is an increase from Klabin's previous dividend of $0.12. Klabin's dividend payout ratio (DPR) is 75.38%.

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.