Klabin (OTCMKTS:KLBAY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Klabin S.A. (OTCMKTS:KLBAY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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 Performance

The company has a quick ratio of 2.39, a current ratio of 2.85 and a debt-to-equity ratio of 2.89. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 14.92 and a beta of 1.07. The stock has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $7.51.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 24th. Shareholders 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 dividend payout ratio is currently 37.50%.

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.