KP Tissue (TSE:KPT) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

KP Tissue Inc. (TSE:KPT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.27 and traded as low as C$8.00. KP Tissue shares last traded at C$8.07, with a volume of 16,876 shares changing hands.

Analysts Set New Price Targets

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

KP Tissue Stock Performance

The company's 50 day moving average price is C$8.08 and its 200 day moving average price is C$8.26. The company has a market cap of C$79.35 million, a price-to-earnings ratio of 12.43, a P/E/G ratio of -0.88 and a beta of 0.37.

Insider Buying and Selling

In related news, Director Mario Gosselin sold 18,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$8.19, for a total transaction of C$147,420.00. 0.14% of the stock is owned by corporate insiders.

KP Tissue Company Profile

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.