KP Tissue (TSE:KPT) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

KP Tissue Inc. (TSE:KPT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.31 and traded as high as C$13.20. KP Tissue shares last traded at C$13.20, with a volume of 16,152 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on KPT shares. TD increased their price target on KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Desjardins boosted their price objective on KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, KP Tissue currently has a consensus rating of “Hold” and a consensus price target of C$11.62.

KP Tissue Stock Performance

The business’s fifty day moving average is C$12.49 and its 200-day moving average is C$11.31. The firm has a market cap of C$132.37 million, a P/E ratio of 14.67, a price-to-earnings-growth ratio of -0.88 and a beta of 0.53.

KP Tissue (TSE:KPT) last posted its earnings results on Thursday, May 14th. The company reported C$0.22 EPS for the quarter. Analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.84 annualized dividend and a dividend yield of 6.4%. KP Tissue’s dividend payout ratio (DPR) is presently 80.00%.

Insider Activity at KP Tissue

In other news, Director David A. Spraley sold 3,668 shares of KP Tissue stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$13.30, for a total transaction of C$48,784.40. Following the transaction, the director owned 15,712 shares in the company, valued at approximately C$208,969.60. The trade was a 18.93% decrease in their ownership of the stock. Insiders have sold a total of 6,668 shares of company stock worth $87,644 in the last quarter. 0.14% of the stock is currently owned by insiders.

About KP Tissue

KPT was created to acquire, and its business is limited to holding, a limited equity interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 12% interest in Kruger Products.