KP Tissue (TSE:KPT) Share Price Crosses Below Two Hundred Day Moving Average of $8.56

Shares of KP Tissue Inc. (TSE:KPTGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.56 and traded as low as C$8.42. KP Tissue shares last traded at C$8.43, with a volume of 3,000 shares.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. CIBC cut their target price on shares of KP Tissue from C$10.00 to C$9.00 in a research note on Monday, March 11th. Desjardins reduced their target price on shares of KP Tissue from C$11.00 to C$10.00 and set a “hold” rating for the company in a research note on Wednesday, May 15th. Finally, TD Securities decreased their target price on KP Tissue from C$9.00 to C$8.50 and set a “hold” rating on the stock in a research report on Wednesday, May 15th.

Check Out Our Latest Research Report on KPT

KP Tissue Trading Down 1.4 %

The business’s fifty day moving average price is C$8.33 and its 200 day moving average price is C$8.56. The company has a market capitalization of C$84.05 million, a P/E ratio of -16.86, a P/E/G ratio of -0.88 and a beta of 0.40.

KP Tissue (TSE:KPTGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.05). The business had revenue of C$479.43 million during the quarter, compared to the consensus estimate of C$473.50 million. Equities research analysts anticipate that KP Tissue Inc. will post 0.6545894 EPS for the current year.

KP Tissue Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.72 annualized dividend and a yield of 8.54%. KP Tissue’s dividend payout ratio is currently -144.00%.

About KP Tissue

(Get Free Report)

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.

Further Reading

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