Klabin (OTCMKTS:KLBAY) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Klabin S.A. (OTCMKTS:KLBAY) 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.

Analysts Set New Price Targets

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

Klabin Trading Up 5.5 %

The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The stock has a fifty day moving average of $7.34 and a 200 day moving average of $7.50. The company has a market capitalization of $4.71 billion, a PE ratio of 11.84, a PEG ratio of 14.92 and a beta of 1.07.

Klabin Cuts Dividend

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