KP Tissue (TSE:KPT) Stock Crosses Above 200-Day Moving Average – Time to Sell?

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 traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD boosted their target price on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Desjardins boosted their price target on shares of KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$11.63.

KP Tissue Stock Up 0.5%

The company has a market cap of C$131.77 million, a price-to-earnings ratio of 14.60, a PEG ratio of -0.88 and a beta of 0.55. The stock’s 50-day simple moving average is C$11.72 and its 200 day simple moving average is C$10.95.

KP Tissue (TSE:KPT) last issued 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 expect that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, June 30th. KP Tissue’s dividend payout ratio is currently 80.00%.

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.