KP Tissue (TSE:KPT) Share Price Breaks Above 50-Day Moving Average – Here’s What Happened

KP Tissue Inc. (TSE:KPT)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$12.17 and traded as high as C$12.43. KP Tissue shares last traded at C$12.35, with a volume of 26,968 shares changing hands.

Key Headlines Impacting KP Tissue

These are some of the KPT headlines that stood out recently:

• Positive Sentiment: Third-quarter net income rose, and KP Tissue reported earnings of C$0.31 per share. The release did not specify whether EPS beat analyst expectations. KP Tissue Q3 Net Income Rises
• Positive Sentiment: The company declared a quarterly dividend of C$0.21 per common share, which may appeal to income-focused investors. KP Tissue Declares a Quarterly Dividend
• Negative Sentiment: Rising costs were flagged on the earnings call, posing a potential risk to profitability if they outpace pricing or efficiency gains. KP Tissue Earnings Call Highlights

Wall Street Analyst Weigh In

Separately, TD decreased their price objective on KP Tissue from C$14.00 to C$13.00 and set a “hold” rating on the stock in a report on Wednesday, October 14th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, KP Tissue has a consensus rating of “Hold” and a consensus price target of C$11.88.

KP Tissue Trading Up 3.3%

The company has a market cap of C$123.90 million, a P/E ratio of 14.03, a price-to-earnings-growth ratio of -0.88 and a beta of 0.47. The company’s fifty day moving average is C$12.17 and its 200 day moving average is C$11.94.

KP Tissue (TSE:KPT) last posted its quarterly earnings results on Wednesday, November 11th. The company reported C$0.31 earnings per share for the quarter. Analysts anticipate that KP Tissue Inc. will post 0.44 EPS for the current year.

KP Tissue Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a $0.21 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.84 annualized dividend and a dividend yield of 6.8%. KP Tissue’s payout ratio is currently 85.23%.

About KP Tissue

KPT was created to acquire, and its business is limited to holding, a limited equity interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 12% interest in Kruger Products.