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

KP Tissue Inc. (TSE:KPTGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.32 and traded as low as C$8.00. KP Tissue shares last traded at C$8.06, with a volume of 10,305 shares changing hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on KPT

KP Tissue Stock Down 0.1 %

The business has a 50 day moving average price of C$8.18 and a two-hundred day moving average price of C$8.32. The stock has a market cap of C$80.36 million, a P/E ratio of 13.43, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

Insiders Place Their Bets

In other KP Tissue news, Director Mario Gosselin sold 18,000 shares of the business’s stock in a transaction on 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 currently owned by corporate insiders.

KP Tissue Company Profile

(Get Free Report)

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.

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