KP Tissue (TSE:KPT) Share Price Passes Above 200-Day Moving Average – What’s Next?

KP Tissue Inc. (TSE:KPT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD upped their price target on shares of KP Tissue from C$12.00 to C$14.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Desjardins raised their price objective on shares of KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, KP Tissue presently has an average rating of “Hold” and an average target price of C$12.12.

KP Tissue Stock Down 0.1%

The firm has a market capitalization of C$128.56 million, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of -0.88 and a beta of 0.53. The firm’s 50 day moving average is C$12.75 and its 200 day moving average is C$11.46.

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

KP Tissue Announces Dividend

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

Insider Activity

In other news, Director David A. Spraley sold 3,668 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$13.30, for a total value of C$48,784.40. Following the completion of 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 valued at $87,644 over the last ninety days. 0.14% of the stock is owned by corporate insiders.

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.