Klabin (OTCMKTS:KLBAY) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Klabin SA shares fell below their 200-day moving average of $6.80, trading as low as $6.50 before recovering to $7.25.
• The company announced a recent dividend increase with a yield of 490.0%, significantly higher than the previous dividend of $0.01.
• Klabin's quarterly earnings showed a profit of $0.17 EPS, exceeding analyst predictions, but revenues fell short of expectations at $913.44 million compared to a forecast of $5.48 billion.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.80 and traded as low as $6.50. Klabin shares last traded at $7.25, with a volume of 398 shares trading hands.

Klabin Price Performance

The company has a 50 day simple moving average of $7.03 and a 200-day simple moving average of $6.78. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.53 and a beta of 0.93. The company has a quick ratio of 1.59, a current ratio of 2.11 and a debt-to-equity ratio of 2.56.

Klabin (OTCMKTS:KLBAY - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $5.48 billion. As a group, research analysts anticipate that Klabin SA will post 0.02 EPS for the current fiscal year.

Klabin Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.0911 per share. This represents a dividend yield of 490.0%. The ex-dividend date was Friday, August 15th. This is a positive change from Klabin's previous dividend of $0.01. Klabin's payout ratio is currently 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.