KP Tissue (TSE:KPT) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

KP Tissue Inc. (TSE:KPT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.00 and traded as high as C$10.99. KP Tissue shares last traded at C$10.85, with a volume of 4,498 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KPT. National Bank Financial increased their target price on KP Tissue from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce upped their price target on shares of KP Tissue from C$10.50 to C$11.00 in a research report on Friday, November 14th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, KP Tissue currently has a consensus rating of “Hold” and a consensus price target of C$10.25.

KP Tissue Stock Performance

The company has a 50-day moving average price of C$10.49 and a 200-day moving average price of C$10.00. The firm has a market capitalization of C$108.22 million, a P/E ratio of 12.76, a price-to-earnings-growth ratio of -0.88 and a beta of 0.49.

KP Tissue (TSE:KPT) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.26 EPS for the quarter. Equities analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current year.

Insider Activity at KP Tissue

In other news, Director Michel Manseau sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$10.41, for a total value of C$31,230.00. 0.14% of the stock is currently owned by company insiders.

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.