Klabin (OTCMKTS:KLBAY) Sets New 1-Year Low – Should You Sell?

Klabin S.A. (OTCMKTS:KLBAY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.80 and last traded at $6.80, with a volume of 409 shares trading hands. The stock had previously closed at $7.40.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 30th.

Klabin Price Performance

The firm has a 50-day moving average of $7.34 and a 200 day moving average of $7.43. The company has a market capitalization of $21.01 billion, a PE ratio of 10.55, a PEG ratio of 6.09 and a beta of 1.08. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76.

Klabin Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be given a dividend of $0.0718 per share. The ex-dividend date is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is 37.24%.

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.