KP Tissue (TSE:KPT) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of KP Tissue Inc. (TSE:KPT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.38 and traded as low as C$8.11. KP Tissue shares last traded at C$8.15, with a volume of 14,273 shares changing hands.

KP Tissue Stock Up 0.5 %

The stock has a 50-day moving average of C$8.22 and a 200 day moving average of C$8.38. The company has a market capitalization of C$81.26 million, a PE ratio of 13.58, a P/E/G ratio of -0.88 and a beta of 0.37.

KP Tissue Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend was Friday, September 27th. KP Tissue’s payout ratio is 120.00%.

Insider Buying and Selling

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

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.