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

Klabin S.A. (OTCMKTS:KLBAY) crossed 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 changing hands.

Analyst Upgrades and Downgrades

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

Klabin Stock Down 14.0 %

The company has a market cap of $4.41 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 15.25 and a beta of 1.10. The business has a fifty day moving average of $7.36 and a two-hundred day moving average of $7.55. 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 Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s payout ratio is presently 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.