KP Tissue (TSE:KPT) Sets New 52-Week Low at $8.20

Shares of KP Tissue Inc. (TSE:KPT) reached a new 52-week low during trading on Wednesday . The company traded as low as C$8.20 and last traded at C$8.20, with a volume of 4506 shares traded. The stock had previously closed at C$8.22.

Analyst Ratings Changes

A number of research analysts have issued reports on KPT shares. National Bankshares decreased their price target on shares of KP Tissue from C$9.50 to C$9.00 in a report on Friday, March 8th. CIBC lowered their target price on KP Tissue from C$10.00 to C$9.00 in a research note on Monday, March 11th. Finally, TD Securities cut their price target on shares of KP Tissue from C$9.50 to C$9.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th.

KP Tissue Trading Up 0.5 %

The stock has a market cap of C$82.27 million, a price-to-earnings ratio of -16.44, a PEG ratio of -0.88 and a beta of 0.35. The stock’s 50 day moving average is C$8.53 and its two-hundred day moving average is C$8.94.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.01). The company had revenue of C$482.27 million during the quarter, compared to analyst estimates of C$498.00 million. On average, sell-side analysts predict that KP Tissue Inc. will post 0.4827009 EPS for the current year.

KP Tissue Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a $0.18 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.72%. KP Tissue’s dividend payout ratio is currently -144.00%.

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.