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

Key Points

• KP Tissue Inc. (TSE:KPT) stock has surpassed its 200-day moving average, trading as high as C$9.21, indicating bullish momentum.
• Several research firms, including National Bankshares and TD Securities, have adjusted their price targets for KP Tissue, reflecting positive sentiment with a new target range of C$9.00 to C$9.50.
• The company recently declared a quarterly dividend of $0.18 per share, translating to an annualized yield of 7.8%, despite a high dividend payout ratio of 112.73%.

Shares of KP Tissue Inc. (TSE:KPT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.41 and traded as high as C$9.21. KP Tissue shares last traded at C$9.19, with a volume of 70,732 shares traded.

Analyst Ratings Changes

KPT has been the subject of a number of recent analyst reports. TD Securities raised 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 raised their price target on shares of KP Tissue from C$8.50 to C$9.50 and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. Finally, Desjardins increased their target price on KP Tissue from C$8.50 to C$9.50 and gave the stock a "hold" rating in a report on Thursday, May 22nd.

KP Tissue Stock Performance

The business has a fifty day simple moving average of C$9.06 and a 200 day simple moving average of C$8.43. The company has a market cap of C$93.95 million, a P/E ratio of 14.72, a P/E/G ratio of -0.88 and a beta of 0.37.

KP Tissue Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 7.7%. KP Tissue's dividend payout ratio (DPR) is 112.73%.

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.