KP Tissue (TSE:KPT) Stock Price Passes Above 200 Day Moving Average of $8.53

Shares of KP Tissue Inc (TSE:KPT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.53 and traded as high as $9.50. KP Tissue shares last traded at $9.46, with a volume of 2,400 shares.

KPT has been the topic of several research reports. Royal Bank of Canada raised KP Tissue from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$8.00 to C$10.00 in a report on Friday, August 9th. TD Securities increased their target price on shares of KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research note on Friday, August 9th.

The firm has a market cap of $90.47 million and a price-to-earnings ratio of -35.28. The firm’s 50 day moving average price is C$9.08 and its two-hundred day moving average price is C$8.53.

KP Tissue (TSE:KPT) last announced its earnings results on Thursday, August 8th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The firm had revenue of C$365.67 million for the quarter, compared to analyst estimates of C$362.00 million. Equities analysts forecast that KP Tissue Inc will post 0.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 7.59%. KP Tissue’s dividend payout ratio (DPR) is -267.66%.

About KP Tissue (TSE:KPT)

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in North America. The company operates through three segments: Consumer Products, Away-From-Home, and Other. It offers bathroom and facial tissues, paper towels, and paper towels and napkins, as well as disposable wiping products and washroom dispensing systems.

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