Klabin (OTCMKTS:KLBAY) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Klabin S.A. (OTCMKTS:KLBAY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.09 and traded as low as $6.46. Klabin shares last traded at $6.46, with a volume of 407 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Klabin to a “hold” rating in a research note on Thursday, April 10th.

Klabin Trading Down 0.6 %

The business has a 50-day moving average of $6.69 and a 200-day moving average of $7.09. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a market cap of $19.96 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 6.41 and a beta of 0.95.

Klabin Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0718 per share. The ex-dividend date was Monday, March 10th. Klabin’s dividend payout ratio is 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.