KP Tissue (TSE:KPT) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of KP Tissue Inc. (TSE:KPT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.32 and traded as low as C$8.00. KP Tissue shares last traded at C$8.06, with a volume of 10,305 shares.

Wall Street Analysts Forecast Growth

Separately, CIBC lowered their price objective on shares of KP Tissue from C$9.00 to C$8.50 in a research report on Wednesday, January 15th.

KP Tissue Trading Down 0.1 %

The stock has a 50 day simple moving average of C$8.18 and a 200-day simple moving average of C$8.32. The firm has a market capitalization of C$80.36 million, a P/E ratio of 13.43, a P/E/G ratio of -0.88 and a beta of 0.37.

Insider Transactions at KP Tissue

In related news, Director Mario Gosselin sold 18,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was 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.