KP Tissue (TSE:KPT) Stock Passes Above 200-Day Moving Average – Should You Sell?

KP Tissue Inc. (TSE:KPT) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.57 and traded as high as C$12.91. KP Tissue shares last traded at C$12.90, with a volume of 22,953 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Desjardins raised their price target on shares of KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a report on Friday, May 15th. TD upped their price objective on shares of KP Tissue from C$12.00 to C$14.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$12.12.

KP Tissue Stock Up 0.2%

The business has a 50-day moving average of C$12.92 and a 200-day moving average of C$11.59. The stock has a market cap of C$129.76 million, a price-to-earnings ratio of 14.38, a PEG ratio of -0.88 and a beta of 0.53.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. Equities analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

KP Tissue Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.84 annualized dividend and a dividend yield of 6.5%. KP Tissue’s payout ratio is presently 80.00%.

Insider Buying and Selling

In related news, Director David A. Spraley sold 3,668 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$13.30, for a total value of C$48,784.40. Following the transaction, the director owned 15,712 shares in the company, valued at approximately C$208,969.60. This represents a 18.93% decrease in their ownership of the stock. Insiders sold a total of 6,668 shares of company stock valued at $87,644 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

KP Tissue Company Profile

KPT was created to acquire, and its business is limited to holding, a limited equity interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 12% interest in Kruger Products.