Klabin (OTCMKTS:KLBAY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Klabin S.A. (OTCMKTS:KLBAY) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.50 and traded as high as $7.63. Klabin shares last traded at $7.63, with a volume of 714 shares.

Analyst Ratings Changes

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

Klabin Stock Performance

The stock’s 50-day moving average price is $7.33 and its 200-day moving average price is $7.49. 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 business also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s payout ratio is 37.24%.

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.