Zacks Investment Research upgraded shares of Orchids Paper Products Company (NYSEMKT:TIS) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “Orchids Paper Products Company is a tissue paper company that manufacturers and converts tissue product for the private label consumer market. “
A number of other analysts have also recently weighed in on TIS. TheStreet cut shares of Orchids Paper Products from a b- rating to a c rating in a report on Monday, May 1st. Jefferies Group LLC restated a hold rating on shares of Orchids Paper Products in a report on Tuesday, June 6th. Finally, ValuEngine cut shares of Orchids Paper Products from a hold rating to a sell rating in a report on Wednesday, June 14th.
Shares of Orchids Paper Products (NYSEMKT:TIS) opened at 9.79 on Wednesday. The stock has a market cap of $102.10 million, a price-to-earnings ratio of 52.35 and a beta of 0.48. Orchids Paper Products has a 1-year low of $8.31 and a 1-year high of $30.38. The company has a 50-day moving average price of $11.30 and a 200-day moving average price of $18.74.
Orchids Paper Products (NYSEMKT:TIS) last issued its earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.09. The business had revenue of $38.40 million for the quarter, compared to the consensus estimate of $37.90 million. Orchids Paper Products had a negative return on equity of 2.63% and a negative net margin of 2.43%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities analysts expect that Orchids Paper Products will post $0.46 earnings per share for the current fiscal year.
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In related news, Director Mario Armando Garcia sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $13.44, for a total value of $201,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in shares of Orchids Paper Products by 28.4% in the fourth quarter. State Street Corp now owns 158,839 shares of the basic materials company’s stock worth $4,159,000 after buying an additional 35,161 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Orchids Paper Products by 20.6% in the first quarter. Ameriprise Financial Inc. now owns 84,611 shares of the basic materials company’s stock worth $2,032,000 after buying an additional 14,432 shares during the period. HighTower Advisors LLC bought a new stake in shares of Orchids Paper Products during the first quarter worth about $617,000. Russell Investments Group Ltd. bought a new stake in shares of Orchids Paper Products during the first quarter worth about $396,000. Finally, Cadence Capital Management LLC raised its stake in shares of Orchids Paper Products by 32.9% in the first quarter. Cadence Capital Management LLC now owns 36,828 shares of the basic materials company’s stock worth $884,000 after buying an additional 9,123 shares during the period.
About Orchids Paper Products
Orchids Paper Products Company is a supplier of consumer tissue products. The Company produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company offers customers a range of private label products across the value, premium and ultra-premium market segments.
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