KP Tissue (TSE:KPT) Shares Pass Above 200 Day Moving Average - Here's What Happened

KP Tissue Inc. (TSE:KPT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.12 and traded as high as C$8.96. KP Tissue shares last traded at C$8.95, with a volume of 4,080 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Securities upped their price target on shares of KP Tissue from C$8.00 to C$9.00 and gave the stock a "hold" rating in a research report on Thursday, May 22nd. National Bankshares upped their target price on shares of KP Tissue from C$8.50 to C$9.50 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Finally, Desjardins raised their price target on KP Tissue from C$8.50 to C$9.50 and gave the company a "hold" rating in a report on Thursday, May 22nd.

KP Tissue Stock Performance

The company has a market capitalization of C$89.35 million, a P/E ratio of 14.00, a P/E/G ratio of -0.88 and a beta of 0.37. The business's fifty day simple moving average is C$8.22 and its 200-day simple moving average is C$8.14.

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.