Klabin (OTCMKTS:KLBAY) Raised to Hold at UBS Group

UBS Group upgraded shares of Klabin (OTCMKTS:KLBAY) to a hold rating in a report issued on Thursday,Zacks.com reports.

Klabin Stock Performance

OTCMKTS:KLBAY opened at $6.12 on Thursday. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 6.41 and a beta of 0.95. Klabin has a 1 year low of $5.57 and a 1 year high of $9.19. The stock’s 50 day simple moving average is $6.94 and its two-hundred day simple moving average is $7.21. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76.

Klabin Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.0718 per share. The ex-dividend date of this dividend was Monday, March 10th. Klabin’s payout ratio is 10.91%.

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.