Klabin (OTCMKTS:KLBAY) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• Klabin SA shares fell below the 200-day moving average of $6.77, trading as low as $6.63, indicating potential volatility in the stock's performance.
• The company has declared a recent dividend increase to $0.0911 per share, representing a significant yield of 490.0%, up from the previous $0.01 per share.
• Analysts have rated Klabin as a Moderate Buy, with Jefferies Financial Group giving a "strong-buy" rating, and overall expectations for earnings of $0.02 per share for the current year.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.77 and traded as low as $6.63. Klabin shares last traded at $6.66, with a volume of 109,257 shares traded.

Analysts Set New Price Targets

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

Klabin Stock Performance

The company has a debt-to-equity ratio of 2.56, a current ratio of 2.11 and a quick ratio of 1.59. The stock has a 50-day simple moving average of $6.96 and a 200-day simple moving average of $6.77. The stock has a market cap of $20.58 billion, a P/E ratio of 11.10, a PEG ratio of 0.51 and a beta of 0.85.

Klabin (OTCMKTS:KLBAY - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. Research analysts forecast that Klabin SA will post 0.02 earnings per share for the current year.

Klabin Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.0911 per share. This represents a dividend yield of 490.0%. This is an increase from Klabin's previous dividend of $0.01. The ex-dividend date was Friday, August 15th. Klabin's dividend payout ratio (DPR) 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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