KP Tissue (TSE:KPT) Stock Crosses Above 200 Day Moving Average – What’s Next?

KP Tissue Inc. (TSE:KPT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.68 and traded as high as C$12.93. KP Tissue shares last traded at C$12.80, with a volume of 5,491 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD boosted their price objective on shares of KP Tissue from C$12.00 to C$14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Desjardins increased their price objective on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$12.12.

KP Tissue Trading Up 0.8%

The stock has a market capitalization of C$129.36 million, a P/E ratio of 14.33, a PEG ratio of -0.88 and a beta of 0.53. The company has a fifty day simple moving average of C$13.03 and a two-hundred day simple moving average of C$11.69.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. As a group, analysts forecast that KP Tissue Inc. will post 0.4398964 earnings per share for the current fiscal year.

KP Tissue Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, June 30th. KP Tissue’s payout ratio is currently 80.00%.

Insider Activity at KP Tissue

In other KP Tissue news, Director David A. Spraley sold 3,668 shares of the company’s 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 completion of the sale, 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 position. In the last three months, insiders have sold 6,668 shares of company stock worth $87,644. Insiders own 0.14% of the company’s stock.

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.