KP Tissue (TSE:KPT) Stock Breaks Below 200-Day Moving Average – Should You Sell?

KP Tissue Inc. (TSE:KPT)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$12.34 and traded as low as C$11.69. KP Tissue shares last traded at C$11.70, with a volume of 15,000 shares changing hands.

Analyst Ratings Changes

Separately, TD lowered their price objective on shares of KP Tissue from C$14.00 to C$13.00 and set a “hold” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$11.88.

KP Tissue Price Performance

The stock has a market capitalization of C$118.38 million, a P/E ratio of 13.41, a price-to-earnings-growth ratio of -0.88 and a beta of 0.54. The company has a fifty day moving average of C$12.53 and a two-hundred day moving average of C$12.35.

KP Tissue (TSE:KPT) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. As a group, equities research analysts predict that KP Tissue Inc. will post 0.44 EPS for the current fiscal year.

KP Tissue Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.84 annualized dividend and a yield of 7.1%. KP Tissue’s dividend payout ratio (DPR) is currently 85.23%.

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.