Klabin (OTCMKTS:KLBAY) Upgraded by UBS Group to Hold Rating

UBS Group upgraded shares of Klabin (OTCMKTS:KLBAY) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Klabin Price Performance

OTCMKTS KLBAY traded down $0.70 during trading hours on Thursday, reaching $5.59. 795 shares of the company’s stock were exchanged, compared to its average volume of 4,432. The firm has a fifty day moving average of $6.97 and a 200-day moving average of $7.22. The company has a current ratio of 2.30, a quick ratio of 1.76 and a debt-to-equity ratio of 2.92. The stock has a market cap of $17.27 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 6.41 and a beta of 0.95. Klabin has a one year low of $5.57 and a one year high of $9.19.

Klabin Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0718 per share. The ex-dividend date of this dividend was Monday, March 10th. Klabin’s dividend payout ratio is currently 10.91%.

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.