Klabin (OTCMKTS:KLBAY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Klabin SA (OTCMKTS:KLBAY)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.26 and traded as low as $6.62. Klabin shares last traded at $6.68, with a volume of 2,670 shares.

Analysts Set New Price Targets

Separately, Itau BBA Securities lowered Klabin to a “market perform” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Klabin Stock Performance

The stock has a 50 day moving average of $7.21 and a 200 day moving average of $7.26. The company has a quick ratio of 1.64, a current ratio of 2.06 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70.

Klabin Company Profile

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.