The stock of Orchids Paper Products Company (NYSEMKT:TIS) hit a new 52-week low and has $20.93 target or 10.00% below today’s $23.26 share price. The 6 months bearish chart indicates high risk for the $237.06 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $20.93 price target is reached, the company will be worth $23.71 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 102,478 shares traded hands or 36.43% up from the average. Orchids Paper Products Company (NYSEMKT:TIS) has declined 11.89% since April 5, 2016 and is downtrending. It has underperformed by 13.84% the S&P500.
Orchids Paper Products Company (NYSEMKT:TIS) Ratings Coverage
Out of 2 analysts covering Orchids Paper Products Co (NYSEMKT:TIS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Orchids Paper Products Co has been the topic of 4 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Oppenheimer maintained the shares of TIS in a report on Tuesday, October 27 with “Outperform” rating.
According to Zacks Investment Research, “Orchids Paper Products Company is a tissue paper company that manufacturers and converts tissue product for the private label consumer market.”
More notable recent Orchids Paper Products Company (NYSEMKT:TIS) news were published by: Prnewswire.com which released: “Orchids Paper Products Company Announces 2016 Third Quarter Results; Declares …” on October 26, 2016, also Marketwatch.com with their article: “Orchids Paper Products downgraded to hold from buy at Jefferies” published on October 08, 2010, Nasdaq.com published: “Orchids Paper Products Company (TIS) Ex-Dividend Date Scheduled for November …” on November 02, 2016. More interesting news about Orchids Paper Products Company (NYSEMKT:TIS) were released by: Prnewswire.com and their article: “Orchids Paper Products Company Announces Appointment Of New Chief Financial …” published on September 02, 2016 as well as Prnewswire.com‘s news article titled: “Orchids Paper Products Announces Third Quarter Earnings Release And Teleconference” with publication date: October 05, 2016.
TIS Company Profile
Orchids Paper Products Company, incorporated on January 6, 1998, is a supplier of consumer tissue products. The Firm produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Firm offers clients an array of private label products across the value, premium and ultra-premium market divisions. It is an integrated maker of tissue paper products serving the at-home market and the away from home market. The Firm sells its products to grocery stores, grocery wholesalers and cooperatives, convenience stores, janitorial supply stores and stores in the food service market.
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