KP Tissue (TSE:KPT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

KP Tissue Inc. (TSE:KPT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.17 and traded as high as C$8.17. KP Tissue shares last traded at C$8.15, with a volume of 16,977 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on KPT. CIBC dropped their price target on KP Tissue from C$9.00 to C$8.50 in a report on Wednesday, January 15th. Desjardins cut their target price on KP Tissue from C$10.00 to C$8.50 and set a “hold” rating on the stock in a research report on Thursday, March 6th.

KP Tissue Price Performance

The firm’s fifty day simple moving average is C$8.00 and its 200 day simple moving average is C$8.17. The company has a market capitalization of C$81.45 million, a price-to-earnings ratio of 12.76, a PEG ratio of -0.88 and a beta of 0.37.

About KP Tissue

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.