Orchids Paper Products Company (TIS) Upgraded to “Hold” by ValuEngine
ValuEngine 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 Tuesday.
Other equities analysts also recently issued reports about the stock. Jefferies Group LLC reiterated a hold rating on shares of Orchids Paper Products in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Orchids Paper Products from a sell rating to a hold rating in a report on Wednesday, August 16th. Finally, TheStreet downgraded shares of Orchids Paper Products from a c rating to a d+ rating in a report on Monday, August 7th.
Shares of Orchids Paper Products (NYSEMKT TIS) opened at 13.87 on Tuesday. The stock’s 50 day moving average is $10.73 and its 200-day moving average is $16.04. The stock has a market capitalization of $144.65 million, a price-to-earnings ratio of 74.17 and a beta of 0.48. Orchids Paper Products has a 12-month low of $8.31 and a 12-month high of $30.38.
Orchids Paper Products (NYSEMKT:TIS) last posted its earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Orchids Paper Products had a negative return on equity of 6.37% and a negative net margin of 5.32%. The business had revenue of $38.40 million during the quarter, compared to the consensus estimate of $37.90 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts expect that Orchids Paper Products will post ($0.08) earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Orchids Paper Products Company (TIS) Upgraded to “Hold” by ValuEngine” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/27/orchids-paper-products-company-tis-upgraded-to-hold-by-valuengine.html.
A number of large investors have recently modified their holdings of TIS. Teachers Advisors LLC grew its stake in Orchids Paper Products by 51.1% in the 4th quarter. Teachers Advisors LLC now owns 21,180 shares of the basic materials company’s stock worth $554,000 after acquiring an additional 7,162 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Orchids Paper Products in the 1st quarter worth about $396,000. Bank of New York Mellon Corp grew its stake in Orchids Paper Products by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 159,262 shares of the basic materials company’s stock worth $3,823,000 after acquiring an additional 6,110 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Orchids Paper Products by 20.6% in the 1st quarter. Ameriprise Financial Inc. now owns 84,611 shares of the basic materials company’s stock worth $2,032,000 after acquiring an additional 14,432 shares in the last quarter. Finally, American International Group Inc. grew its stake in Orchids Paper Products by 7.0% in the 1st quarter. American International Group Inc. now owns 5,560 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 364 shares in the last quarter.
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.
Receive News & Stock Ratings for Orchids Paper Products Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchids Paper Products Company and related stocks with our FREE daily email newsletter.