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KP Tissue (TSE:KPT) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

KP Tissue logo with Consumer Defensive background
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KP Tissue Inc. (TSE:KPT - Get Free Report) 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 Analysts Forecast Growth

Several analysts have recently commented on the stock. CIBC reduced their price target on shares of KP Tissue from C$9.00 to C$8.50 in a research report on Wednesday, January 15th. Desjardins dropped their target price on KP Tissue from C$10.00 to C$8.50 and set a "hold" rating for the company in a research report on Thursday, March 6th.

View Our Latest Stock Analysis on KP Tissue

KP Tissue Stock Performance

The business has a 50-day simple moving average of C$7.99 and a 200-day simple moving average of C$8.16. The company has a market cap of C$79.25 million, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

KP Tissue Company Profile

(Get Free Report)

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.

Further Reading

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