KP Tissue (TSE:KPT) Share Price Crosses Below 200-Day Moving Average – What’s Next?

KP Tissue Inc. (TSE:KPT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.27 and traded as low as C$8.00. KP Tissue shares last traded at C$8.07, with a volume of 16,876 shares changing hands.

Analysts Set New Price Targets

Separately, CIBC decreased their price target on shares of KP Tissue from C$9.00 to C$8.50 in a report on Wednesday, January 15th.

KP Tissue Trading Down 0.9 %

The stock’s 50-day simple moving average is C$8.10 and its 200-day simple moving average is C$8.27. The stock has a market cap of C$79.45 million, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

Insider Activity at KP Tissue

In other 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 transaction of C$147,420.00. 0.14% of the stock is owned by insiders.

KP Tissue Company Profile

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.