Klabin (OTCMKTS:KLBAY) Shares Cross Below 200-Day Moving Average – What’s Next?

Klabin SA (OTCMKTS:KLBAY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.77 and traded as low as $6.63. Klabin shares last traded at $6.66, with a volume of 109,257 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Klabin has a consensus rating of “Moderate Buy”.

Klabin Stock Performance

The company has a quick ratio of 1.59, a current ratio of 2.11 and a debt-to-equity ratio of 2.56. The company has a 50 day simple moving average of $6.96 and a 200-day simple moving average of $6.77. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.51 and a beta of 0.85.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Klabin had a return on equity of 18.24% and a net margin of 9.90%.The firm had revenue of $913.44 million for the quarter, compared to analyst estimates of $5.48 billion. As a group, equities research analysts expect that Klabin SA will post 0.02 EPS for the current fiscal year.

Klabin Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.0911 dividend. This represents a yield of 490.0%. This is a boost from Klabin’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, August 15th. Klabin’s payout ratio is presently 61.67%.

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.