Jefferies Downgrades Orchids Paper Products Company to Buy

Brokerage firm Jefferies Downgrades its rating on Orchids Paper Products Company(NYSEMKT:TIS). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Jefferies was issued on Jul 14, 2016.

Orchids Paper Products Company (TIS) shares turned negative on Mondays trading session with the shares closing down -0.4 points or -1.14% at a volume of 53,447. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.05. The peak price level was also seen at $35.05 while the days lowest was $34.49. Finally the shares closed at $34.6. The 52-week high of the shares is $36.3099 while the 52-week low is $22.75. According to the latest information available, the market cap of the company is $356 M.

Orchids Paper Products Company(TIS) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $47.74M. Analysts had an estimated revenue of $43.22M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Feb 11, 2016, Steven R Berlin (director) purchased 500 shares at $25.60 per share price.Also, On Aug 28, 2015, John C Guttilla (director) sold 1,000 shares at $24.40 per share price.On May 1, 2015, Jeffrey S Schoen (CEO) purchased 2,500 shares at $21.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the at-home market and the away from home. The Company has a manufacturing facility in Pryor Oklahoma and owns manufacturing assets located in Mexicali Mexico. The Company produces bulk rolls of tissue paper known as parent rolls and converts parent rolls into finished products including paper towels bathroom tissue and paper napkins. Its core customer base in the at-home market consists of dollar stores and other discount retailers that offer a limited selection across a broad range of products in a smaller store format. The at-home tissue market consists of several quality levels including a value tier premium tier and ultra-premium tier. Its core customer base in the away from home market consists of companies in the janitorial market and food service market.

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