KP Tissue (TSE:KPT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

KP Tissue Inc. (TSE:KPT) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.38 and traded as low as C$8.11. KP Tissue shares last traded at C$8.15, with a volume of 14,273 shares.

KP Tissue Stock Up 0.5 %

The stock has a market capitalization of C$81.26 million, a P/E ratio of 13.58, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37. The business’s 50 day simple moving average is C$8.22 and its two-hundred day simple moving average is C$8.38.

KP Tissue Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend was Friday, September 27th. KP Tissue’s dividend payout ratio is currently 120.00%.

Insider Activity

In other news, Director Mario Gosselin sold 18,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$8.19, for a total value of C$147,420.00. Corporate insiders own 0.14% of the company’s stock.

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.