Klabin (OTCMKTS:KLBAY) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Klabin SA shares have fallen below their two hundred day moving average of $6.76, last trading at $6.51 with notable trading volume.
• Jefferies Financial Group has raised Klabin’s rating to a "strong-buy", contributing to an overall market rating of "Moderate Buy".
• The company recently increased its dividend to $0.0911 per share, representing a yield of 490.0%, up from the previous dividend of $0.01.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.76 and traded as low as $6.50. Klabin shares last traded at $6.51, with a volume of 8,261 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Klabin to a "strong-buy" rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Klabin Stock Performance

The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.53 and a beta of 0.85. The company has a fifty day moving average of $6.89 and a two-hundred day moving average of $6.76. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.59 and a current ratio of 2.11.

Klabin (OTCMKTS:KLBAY - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $913.44 million during the quarter, compared to analysts' expectations of $5.48 billion. Klabin had a return on equity of 18.24% and a net margin of 9.90%. As a group, equities research analysts predict that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Increases Dividend

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

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.

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