Klabin (OTCMKTS:KLBAY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Klabin S.A. (OTCMKTS:KLBAY) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.45 and traded as high as $7.70. Klabin shares last traded at $7.70, with a volume of 5,000 shares trading hands.

Wall Street Analysts Forecast Growth

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

Klabin Stock Performance

The business’s fifty day moving average price is $7.29 and its 200-day moving average price is $7.45. 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 has a market cap of $23.79 billion, a PE ratio of 11.95, a P/E/G ratio of 6.36 and a beta of 1.08.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $901.51 million for the quarter. Klabin had a net margin of 10.95% and a return on equity of 16.80%. As a group, equities research analysts forecast that Klabin S.A. will post 0.02 EPS for the current fiscal year.

Klabin Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0718 per share. The ex-dividend date 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.