KP Tissue (TSE:KPT) Shares Pass Below Two Hundred Day Moving Average of $8.59

KP Tissue Inc. (TSE:KPT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.59 and traded as low as C$8.39. KP Tissue shares last traded at C$8.63, with a volume of 12,786 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KPT. TD Securities lowered their target price on shares of KP Tissue from C$9.00 to C$8.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. CIBC decreased their price objective on shares of KP Tissue from C$10.00 to C$9.00 in a research note on Monday, March 11th. National Bankshares decreased their price objective on shares of KP Tissue from C$9.50 to C$9.00 in a research note on Friday, March 8th. Finally, Desjardins decreased their price objective on shares of KP Tissue from C$11.00 to C$10.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th.

KP Tissue Stock Up 3.7 %

The stock’s 50-day moving average price is C$8.31 and its 200-day moving average price is C$8.59. The company has a market capitalization of C$86.04 million, a price-to-earnings ratio of -17.26, a price-to-earnings-growth ratio of -0.88 and a beta of 0.40.

KP Tissue (TSE:KPT) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.05). The company had revenue of C$479.43 million for the quarter, compared to analyst estimates of C$473.50 million. On average, equities research analysts anticipate that KP Tissue Inc. will post 0.6545894 EPS for the current year.

KP Tissue Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.72 annualized dividend and a yield of 8.34%. KP Tissue’s dividend payout ratio is currently -144.00%.

KP Tissue Company Profile

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.