Klabin (OTCMKTS:KLBAY) Stock Passes Below 200 Day Moving Average Following Weak Earnings

Klabin S.A. (OTCMKTS:KLBAY) shares passed below its two hundred day moving average during trading on Thursday following a weaker than expected earnings announcement. The stock has a two hundred day moving average of $7.07 and traded as low as $6.78. Klabin shares last traded at $6.90, with a volume of 3,943 shares traded.

The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.21). Klabin had a return on equity of 16.80% and a net margin of 10.95%. The business had revenue of $828.57 million during the quarter, compared to analyst estimates of $4.80 billion.

Klabin Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.0718 per share. The ex-dividend date of this dividend was Monday, March 10th. Klabin’s dividend payout ratio is presently 10.91%.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of Klabin to a “hold” rating in a research note on Thursday, April 10th.

Klabin Stock Performance

The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30. The firm’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $7.07. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 6.41 and a beta of 1.05.

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.