Klabin (OTCMKTS:KLBAY) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Klabin SA (OTCMKTS:KLBAYGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.17 and traded as low as $6.52. Klabin shares last traded at $6.74, with a volume of 837 shares traded.

Klabin Stock Performance

The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.96 and a beta of 0.65. The firm has a 50 day moving average price of $6.72 and a 200-day moving average price of $7.17. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37.

About Klabin

(Get Free Report)

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.

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