KP Tissue (TSE:KPT) Stock Passes Above 200 Day Moving Average – Here’s What Happened

KP Tissue Inc. (TSE:KPT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.88 and traded as high as C$12.80. KP Tissue shares last traded at C$12.75, with a volume of 5,022 shares traded.

Analyst Upgrades and Downgrades

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

KP Tissue Price Performance

The company has a market cap of C$127.86 million, a PE ratio of 14.49, a PEG ratio of -0.88 and a beta of 0.53. The stock’s 50-day moving average is C$13.03 and its 200 day moving average is C$11.88.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. On average, analysts expect that KP Tissue Inc. will post 0.4398964 EPS for the current year.

KP Tissue Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.6%. KP Tissue’s dividend payout ratio (DPR) is presently 85.23%.

Insiders Place Their Bets

In related news, Director David A. Spraley sold 3,668 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$13.30, for a total transaction of C$48,784.40. Following the transaction, the director directly owned 15,712 shares in the company, valued at C$208,969.60. The trade was a 18.93% decrease in their position. In the last quarter, insiders sold 6,668 shares of company stock worth $87,644. 0.14% of the stock is 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.