Shares of Klabin S.A. (OTCMKTS:KLBAY – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.50 and traded as high as $7.63. Klabin shares last traded at $7.63, with a volume of 714 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 30th.
Check Out Our Latest Report on Klabin
Klabin Stock Performance
Klabin Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0718 per share. The ex-dividend date is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is presently 37.24%.
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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