KP Tissue (TSE:KPT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

KP Tissue Inc. (TSE:KPT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KPT shares. Desjardins dropped their price objective on KP Tissue from C$10.00 to C$8.50 and set a “hold” rating on the stock in a report on Thursday, March 6th. CIBC dropped their price target on shares of KP Tissue from C$9.00 to C$8.50 in a research note on Wednesday, January 15th.

KP Tissue Stock Up 1.1 %

The company has a market cap of C$81.45 million, a price-to-earnings ratio of 12.76, a PEG ratio of -0.88 and a beta of 0.37. The business has a 50-day simple moving average of C$8.00 and a two-hundred day simple moving average of C$8.17.

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.