Klabin (OTCMKTS:KLBAY) Upgraded to "Hold" at UBS Group

UBS Group upgraded shares of Klabin (OTCMKTS:KLBAY - Free Report) to a hold rating in a report issued on Thursday,Zacks.com reports.

Klabin Stock Performance

Shares of OTCMKTS:KLBAY remained flat at $6.12 during trading on Thursday. 15 shares of the stock were exchanged, compared to its average volume of 4,341. The company has a market capitalization of $18.91 billion, a PE ratio of 9.50, a P/E/G ratio of 6.41 and a beta of 0.95. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30. Klabin has a 1 year low of $5.57 and a 1 year high of $9.19. The firm's 50-day moving average price is $6.89 and its 200-day moving average price is $7.18.

Klabin Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.0718 dividend. The ex-dividend date was Monday, March 10th. Klabin's dividend payout ratio is currently 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.