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

KP Tissue Inc. (TSE:KPT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

KPT has been the topic of several analyst reports. National Bankshares lifted their price objective on KP Tissue from C$9.50 to C$10.00 and gave the stock a “sector perform” rating in a report on Thursday, August 14th. Desjardins lifted their price objective on KP Tissue from C$9.50 to C$10.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, KP Tissue has an average rating of “Hold” and an average target price of C$9.38.

KP Tissue Stock Down 0.3%

The stock has a market cap of C$93.76 million, a PE ratio of 21.36, a P/E/G ratio of -0.88 and a beta of 0.17. The company has a fifty day moving average price of C$9.48 and a 200 day moving average price of C$9.01.

KP Tissue Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.7%. KP Tissue’s dividend payout ratio is presently 163.64%.

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.