KP Tissue (TSE:KPT) Stock Crosses Above 200 Day Moving Average – What’s Next?

KP Tissue Inc. (TSE:KPT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.95 and traded as high as C$13.20. KP Tissue shares last traded at C$13.14, with a volume of 19,229 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on KPT. TD increased their price target on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Desjardins increased their price target on shares of KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, May 15th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$11.63.

KP Tissue Price Performance

The firm has a market capitalization of C$132.67 million, a PE ratio of 14.70, a P/E/G ratio of -0.88 and a beta of 0.55. The company’s fifty day simple moving average is C$11.82 and its 200 day simple moving average is C$10.99.

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

KP Tissue Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.84 annualized dividend and a yield of 6.3%. KP Tissue’s dividend payout ratio is 80.00%.

Insider Buying and Selling

In other KP Tissue news, Director David A. Spraley sold 3,668 shares of the company’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 sale, the director directly owned 15,712 shares of the company’s stock, valued at C$208,969.60. This 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 quarter. 0.14% of the stock is owned by corporate insiders.

KP Tissue Company Profile

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.