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Equities researchers at Sidoti assumed coverage on shares of Orchids Paper Products (NYSE:TIS) in a research report issued on Tuesday, American Banking News.com reports. The firm set a “buy” rating on the stock.

Orchids Paper Products (NYSE:TIS) traded up 1.17% during mid-day trading on Tuesday, hitting $31.21. The stock had a trading volume of 23,123 shares. Orchids Paper Products has a 52 week low of $20.80 and a 52 week high of $33.09. The stock has a 50-day moving average of $31.58 and a 200-day moving average of $29.2. The company has a market cap of $250.8 million and a P/E ratio of 20.15.

Orchids Paper Products (NYSE:TIS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $29.80 million for the quarter, compared to the consensus estimate of $30.20 million. Analysts expect that Orchids Paper Products will post $1.70 EPS for the current fiscal year.

Orchids Paper Products Company is a manufacturer of tissue products serving the at-home tissue market.

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