Klabin (OTCMKTS:KLBAY) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Klabin SA shares have recently exceeded their 200-day moving average, trading at $7.19, indicating a potentially bullish trend.
• The company has reported a dividend increase, now yielding 490.0%, up from $0.01, suggesting strong shareholder returns.
• Klabin's recent earnings showed an EPS of $0.17, above expectations, although revenue was significantly lower than anticipated at $913.44 million.

Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.77 and traded as high as $7.19. Klabin shares last traded at $7.19, with a volume of 153 shares trading hands.

Klabin Trading Down 1.9%

The company has a current ratio of 2.11, a quick ratio of 1.59 and a debt-to-equity ratio of 2.56. The company has a fifty day simple moving average of $7.02 and a 200-day simple moving average of $6.77. The company has a market capitalization of $22.22 billion, a PE ratio of 11.98, a PEG ratio of 0.56 and a beta of 0.93.

Klabin (OTCMKTS:KLBAY - Get Free Report) last issued its earnings results 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. The company 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%. Analysts predict that Klabin SA will post 0.02 EPS for the current year.

Klabin Increases Dividend

The firm 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. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 490.0%. This is a boost from Klabin's previous dividend of $0.01. Klabin's dividend payout ratio (DPR) 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.

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