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

KP Tissue Inc. (TSE:KPT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.01 and traded as high as C$9.42. KP Tissue shares last traded at C$9.40, with a volume of 5,856 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KPT. Desjardins lifted their price objective on KP Tissue from C$9.50 to C$10.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. National Bankshares lifted their price objective on KP Tissue from C$9.50 to C$10.00 and gave the company a “sector perform” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$9.38.

KP Tissue Price Performance

The company has a 50 day simple moving average of C$9.48 and a 200-day simple moving average of C$9.01. The stock has a market cap of C$93.76 million, a P/E ratio of 21.36, a price-to-earnings-growth ratio of -0.88 and a beta of 0.17.

KP Tissue Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 7.7%. KP Tissue’s dividend payout ratio (DPR) is currently 163.64%.

About KP Tissue

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.