KP Tissue (OTCMKTS:KPTSF) Stock Falls 1% – Here’s Why
by Kim Johansen · The Markets DailyKP Tissue Inc. (OTCMKTS:KPTSF – Get Free Report) was down 1% during trading on Monday. The company traded as low as $7.93 and last traded at $7.95. Approximately 6,581 shares were traded during trading, an increase of 1,175% from the average daily volume of 516 shares. The stock had previously closed at $8.03.
KP Tissue Stock Performance
The stock’s fifty day moving average is $9.09 and its two-hundred day moving average is $8.84.
About KP Tissue
KP Tissue Inc is a Canadian company whose principal business is its investment in Kruger Products L.P., a manufacturer and marketer of tissue products. Through this relationship, KP Tissue has exposure to the consumer and away-from-home tissue markets rather than operating as a standalone manufacturer of a broad range of unrelated products.
Kruger Products makes bathroom tissue, facial tissue, paper towels, napkins and other paper-based products. Its portfolio includes brands such as Cashmere, Purex, Scotties, SpongeTowels, White Swan and Embassy, along with various products sold under private-label and commercial brands.
The business primarily serves customers in Canada and the United States through retail, commercial and institutional channels.