Klabin (OTCMKTS:KLBAY) Sets New 12-Month Low – Here’s What Happened

Klabin S.A. (OTCMKTS:KLBAY) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $6.80 and last traded at $6.80, with a volume of 409 shares traded. The stock had previously closed at $7.40.

Analyst Ratings Changes

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

Klabin Price Performance

The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30. The stock’s fifty day moving average price is $7.34 and its 200-day moving average price is $7.43. The firm has a market cap of $21.01 billion, a PE ratio of 10.55, a P/E/G ratio of 6.09 and a beta of 1.08.

Klabin Cuts Dividend

The business also recently announced 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 of this dividend is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is presently 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.