Orchids Paper Products Company (TIS) Rating Lowered to Sell at ValuEngine

Orchids Paper Products Company (NYSEMKT:TIS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, September 1st.

TIS has been the topic of a number of other research reports. Zacks Investment Research lowered Orchids Paper Products from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. TheStreet lowered Orchids Paper Products from a “c” rating to a “d+” rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Orchids Paper Products in a research note on Tuesday, June 6th.

Orchids Paper Products (TIS) traded up 3.78% during midday trading on Friday, reaching $12.64. The company had a trading volume of 109,815 shares. Orchids Paper Products has a 1-year low of $8.31 and a 1-year high of $30.38. The firm has a 50-day moving average of $10.67 and a 200 day moving average of $16.46. The company has a market capitalization of $131.82 million, a P/E ratio of 67.59 and a beta of 0.48.

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 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 for the quarter, compared to analysts’ expectations of $37.90 million. During the same period in the prior year, the company earned $0.30 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Orchids Paper Products will post ($0.08) EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Orchids Paper Products by 61.2% in the 1st quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 2,080 shares in the last quarter. American International Group Inc. increased its holdings 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 valued at $133,000 after purchasing an additional 364 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Orchids Paper Products in the 1st quarter valued at $203,000. Neuberger Berman Group LLC acquired a new stake in Orchids Paper Products in the 1st quarter valued at $210,000. Finally, Rhumbline Advisers increased its holdings in Orchids Paper Products by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 646 shares in the last quarter.

Orchids Paper Products 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.

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