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

KP Tissue Inc. (TSE:KPT)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.66 and traded as high as C$10.33. KP Tissue shares last traded at C$10.22, with a volume of 3,182 shares changing hands.

Wall Street Analyst Weigh In

Separately, CIBC upped their target price on KP Tissue from C$10.50 to C$11.00 in a research note on Friday, November 14th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$10.00.

KP Tissue Price Performance

The stock has a market capitalization of C$102.28 million, a P/E ratio of 26.21, a PEG ratio of -0.88 and a beta of 0.32. The stock has a 50 day moving average price of C$10.25 and a 200-day moving average price of C$9.66.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, November 13th. The company reported C$0.15 earnings per share for the quarter. Research analysts predict that KP Tissue Inc. will post 0.4398964 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michel Manseau sold 3,000 shares of KP Tissue stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of C$10.41, for a total value of C$31,230.00. Corporate insiders own 0.14% of the company’s stock.

About KP Tissue

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.