KP Tissue (TSE:KPT) Stock Passes Above 200 Day Moving Average – Here’s Why

KP Tissue Inc. (TSE:KPT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. CIBC decreased their price objective on shares of KP Tissue from C$9.00 to C$8.50 in a research report on Wednesday, January 15th. Desjardins lowered their price target 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.

KP Tissue Stock Down 1.2 %

The firm’s fifty day moving average is C$7.99 and its two-hundred day moving average is C$8.17. The firm has a market cap of C$80.45 million, a P/E ratio of 12.60, a PEG ratio of -0.88 and a beta of 0.37.

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.