Klabin (OTCMKTS:KLBAY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Klabin S.A. (OTCMKTS:KLBAY)’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 traded.

Wall Street Analysts Forecast Growth

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

Klabin Trading Up 1.4 %

The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The firm’s fifty day simple moving average is $7.34 and its 200-day simple moving average is $7.51. The stock has a market cap of $4.47 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 14.92 and a beta of 1.10.

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Shareholders 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 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.