Orchids Paper Products Company (NYSEMKT:TIS) was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Monday, August 7th.
Several other equities research analysts also recently weighed in on TIS. Jefferies Group LLC reaffirmed a “hold” rating on shares of Orchids Paper Products in a report on Tuesday, June 6th. ValuEngine upgraded Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th.
Orchids Paper Products (TIS) opened at 9.79 on Monday. The firm’s 50-day moving average is $11.30 and its 200-day moving average is $18.74. The stock has a market capitalization of $102.10 million, a price-to-earnings ratio of 52.35 and a beta of 0.48. Orchids Paper Products has a 52-week low of $8.31 and a 52-week high of $30.38.
Orchids Paper Products (NYSEMKT:TIS) last issued its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.09. Orchids Paper Products had a negative return on equity of 2.63% and a negative net margin of 2.43%. The company had revenue of $38.40 million for the quarter, compared to analyst estimates of $37.90 million. During the same period in the prior year, the business earned $0.30 earnings per share. Orchids Paper Products’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts predict that Orchids Paper Products will post $0.46 earnings per share for the current year.
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In related news, Director Mario Armando Garcia sold 15,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $13.44, for a total transaction of $201,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of hedge funds have recently modified their holdings of the company. Rutabaga Capital Management LLC MA acquired a new stake in shares of Orchids Paper Products during the first quarter worth about $4,935,000. Mutual of America Capital Management LLC raised its stake in shares of Orchids Paper Products by 765.0% in the first quarter. Mutual of America Capital Management LLC now owns 211,878 shares of the basic materials company’s stock worth $5,085,000 after buying an additional 187,384 shares during the last quarter. Walthausen & Co. LLC raised its stake in shares of Orchids Paper Products by 146.4% in the second quarter. Walthausen & Co. LLC now owns 311,670 shares of the basic materials company’s stock worth $4,036,000 after buying an additional 185,170 shares during the last quarter. Dean Investment Associates LLC acquired a new stake in shares of Orchids Paper Products during the first quarter worth about $2,438,000. Finally, Northern Trust Corp raised its stake in shares of Orchids Paper Products by 62.2% in the second quarter. Northern Trust Corp now owns 174,601 shares of the basic materials company’s stock worth $2,261,000 after buying an additional 66,977 shares during 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.
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