Klabin (OTCMKTS:KLBAY) Stock Crosses Below 200 Day Moving Average of $7.62

Klabin S.A. (OTCMKTS:KLBAY – Get Rating)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.62 and traded as low as $7.50. Klabin shares last traded at $7.64, with a volume of 309 shares changing hands.

Analyst Ratings Changes

Separately, Morgan Stanley lowered Klabin from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 17th.

Klabin Price Performance

The company has a 50-day moving average price of $7.75 and a 200 day moving average price of $7.62.

Klabin Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 6th. Stockholders of record on Monday, December 26th will be given a $0.0105 dividend. The ex-dividend date of this dividend is Friday, December 23rd. This represents a dividend yield of 7.43%.

Klabin Company Profile

(Get Rating)

Klabin SA engages in the manufacture of paper and board for packaging, corrugated board packaging, and industrial bags. It operates through the following business segments: Forest, Pulp, Paper, and Conversion. The Forest segment involves the planting and forestry operations of pine and eucalyptus to supply the company’s pulp and paper mills and sale of wood (logs) to third parties in the domestic market.