KP Tissue (TSE:KPT) Stock Crosses Above 200-Day Moving Average of $10.19

KP Tissue Inc. (TSE:KPTGet Rating)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.19 and traded as high as C$10.44. KP Tissue shares last traded at C$10.44, with a volume of 9,648 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on KP Tissue from C$10.50 to C$11.00 and gave the company a “hold” rating in a report on Friday, March 10th.

KP Tissue Trading Up 1.7 %

The firm has a 50 day moving average price of C$10.23 and a 200-day moving average price of C$10.19. The firm has a market cap of C$103.88 million, a PE ratio of -10.04, a PEG ratio of -0.88 and a beta of 0.57.

KP Tissue (TSE:KPTGet Rating) last announced its quarterly earnings data on Thursday, March 9th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.09). The firm had revenue of C$458.14 million during the quarter, compared to analyst estimates of C$443.00 million. Equities analysts forecast that KP Tissue Inc. will post -0.01 earnings per share for the current fiscal year.

KP Tissue Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Thursday, June 29th. KP Tissue’s payout ratio is presently -69.23%.

About KP Tissue

(Get Rating)

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins, as well as manufactures private label tissue products.

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