Orchids Paper Products Company (TIS) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Orchids Paper Products Company (NYSEMKT:TIS) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

TIS has been the topic of a number of other research reports. Jefferies Group LLC increased their price target on shares of Orchids Paper Products Company from $25.00 to $26.00 and gave the stock a hold rating in a report on Wednesday, March 8th. Zacks Investment Research raised shares of Orchids Paper Products Company from a strong sell rating to a hold rating in a report on Wednesday, April 19th. Finally, TheStreet lowered shares of Orchids Paper Products Company from a b- rating to a c rating in a report on Monday, May 1st.

Orchids Paper Products Company (NYSEMKT TIS) opened at 12.55 on Wednesday. The stock’s 50 day moving average is $14.91 and its 200 day moving average is $23.28. Orchids Paper Products Company has a one year low of $11.39 and a one year high of $36.31. The company has a market capitalization of $129.29 million, a PE ratio of 19.73 and a beta of 0.48.

Orchids Paper Products Company (NYSEMKT:TIS) last issued its quarterly earnings results on Monday, May 1st. The basic materials company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.19. The company had revenue of $35.40 million during the quarter, compared to the consensus estimate of $40.08 million. Orchids Paper Products Company had a negative return on equity of 2.63% and a negative net margin of 2.43%. Orchids Paper Products Company’s quarterly revenue was down 25.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. On average, analysts anticipate that Orchids Paper Products Company will post $0.52 earnings per share for the current fiscal year.

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In other Orchids Paper Products Company news, CFO Rodney D. Gloss bought 2,100 shares of Orchids Paper Products Company stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average price of $12.99 per share, with a total value of $27,279.00. Following the acquisition, the chief financial officer now owns 9,600 shares in the company, valued at $124,704. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mario Armando Garcia sold 65,000 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $15.23, for a total transaction of $989,950.00. The disclosure for this sale can be found here. In the last three months, insiders bought 31,498 shares of company stock worth $432,637 and sold 180,000 shares worth $2,610,800.

Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in Orchids Paper Products Company by 7.0% in the first quarter. American International Group Inc. now owns 5,560 shares of the basic materials company’s stock valued at $133,000 after buying an additional 364 shares in the last quarter. Cubic Asset Management LLC raised its position in Orchids Paper Products Company by 0.8% in the first quarter. Cubic Asset Management LLC now owns 48,430 shares of the basic materials company’s stock valued at $1,162,000 after buying an additional 375 shares in the last quarter. Naples Global Advisors LLC raised its position in Orchids Paper Products Company by 1.1% in the first quarter. Naples Global Advisors LLC now owns 55,681 shares of the basic materials company’s stock valued at $1,336,000 after buying an additional 600 shares in the last quarter. Cadence Capital Management LLC raised its position in Orchids Paper Products Company by 2.6% in the fourth quarter. Cadence Capital Management LLC now owns 27,705 shares of the basic materials company’s stock valued at $725,000 after buying an additional 689 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Orchids Paper Products Company by 4.3% in the first quarter. Teachers Advisors LLC now owns 22,100 shares of the basic materials company’s stock valued at $530,000 after buying an additional 920 shares in the last quarter.

Orchids Paper Products Company Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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