KP Tissue (OTCMKTS:KPTSF) Shares Up 1.8% – Should You Buy?

KP Tissue Inc. (OTCMKTS:KPTSF)’s stock price shot up 1.8% during mid-day trading on Thursday . The stock traded as high as $8.83 and last traded at $8.83. 114 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 502 shares. The stock had previously closed at $8.67.

Wall Street Analysts Forecast Growth

Separately, TD Securities reissued a “hold” rating on shares of KP Tissue in a research note on Friday, May 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

KP Tissue Stock Up 1.8%

The company has a fifty day moving average price of $8.19 and a two-hundred day moving average price of $7.76.

KP Tissue Company Profile

KP Tissue Inc is a Canadian manufacturer and marketer of tissue and hygiene products, operating as an independent public company since its spin-off from Kruger Inc in March 2013. Headquartered in Mississauga, Ontario, the company focuses on both consumer and away-from-home markets, leveraging its integrated manufacturing platform to produce a wide range of products designed for household, commercial, and institutional use.

The company’s product portfolio includes retail tissue brands such as Cashmere, Purex, Scotties, and SpongeTowels, as well as private-label offerings and specialty products for food service, healthcare, and industrial end users.