Klabin (OTCMKTS:KLBAY) Shares Cross Below Two Hundred Day Moving Average of $9.12

Klabin S.A. (OTCMKTS:KLBAY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.12 and traded as low as $8.88. Klabin shares last traded at $9.04, with a volume of 13,213 shares trading hands.

Klabin Price Performance

The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.61 and a beta of 1.09. The firm’s 50-day simple moving average is $9.32 and its 200 day simple moving average is $9.12.

Klabin shares are going to split on Tuesday, May 7th. The 11-10 split was announced on Tuesday, May 7th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, May 7th.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $908.49 million for the quarter. As a group, research analysts predict that Klabin S.A. will post 1.18 earnings per share for the current year.

Klabin Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 7th will be issued a $0.1157 dividend. This represents a yield of 4.79%. This is an increase from Klabin’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, May 6th. Klabin’s dividend payout ratio is presently 14.43%.

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.