KP Tissue (TSE:KPT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

KP Tissue Inc. (TSE:KPT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.46 and traded as high as C$12.92. KP Tissue shares last traded at C$12.82, with a volume of 28,347 shares changing hands.

Wall Street Analysts Forecast Growth

KPT has been the subject of several recent research reports. 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 research report on Friday, May 15th. TD raised their price target on shares of 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. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$12.12.

KP Tissue Price Performance

The company has a fifty day moving average of C$12.78 and a 200-day moving average of C$11.48. The firm has a market cap of C$128.36 million, a P/E ratio of 14.22, a P/E/G ratio of -0.88 and a beta of 0.53.

KP Tissue (TSE:KPT) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. On average, sell-side analysts expect that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.21 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.84 annualized dividend and a dividend yield of 6.6%. KP Tissue’s dividend payout ratio is currently 80.00%.

Insider Buying and Selling at KP Tissue

In related news, Director David A. Spraley sold 3,668 shares of the firm’s stock in a transaction dated 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 directly owned 15,712 shares of the company’s stock, valued at C$208,969.60. This trade represents a 18.93% decrease in their ownership of the stock. Insiders have sold 6,668 shares of company stock worth $87,644 over the last 90 days. 0.14% of the stock is owned by company insiders.

KP Tissue Company Profile

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.