Turning Point Brands Inc. (NYSE:TPB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday.

According to Zacks, “Turning Point Brands, Inc. provides tobacco products. The Company’s product consists of moist snuff, loose leaf chewing tobacco, cigarette papers, make-your-own cigar wraps and cigar smoking tobacco, cigars and liquid and tobacco vapour. Its portfolio of brands includes Zig-Zag(R), Beech-Nut(R) and Stoker’s(R). Turning Point Brands, Inc. is based in Louisville, Kentucky. “

Separately, FBR & Co reiterated a “buy” rating on shares of Turning Point Brands in a research note on Tuesday, August 16th.

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Turning Point Brands (NYSE:TPB) opened at 12.27 on Thursday. Turning Point Brands has a 12-month low of $6.46 and a 12-month high of $16.14. The company has a market capitalization of $219.63 million and a price-to-earnings ratio of 13.40. The firm has a 50-day moving average of $13.20 and a 200 day moving average of $11.30.

Turning Point Brands (NYSE:TPB) last posted its earnings results on Thursday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.39. The firm had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $48 million. Turning Point Brands’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Turning Point Brands will post $0.80 EPS for the current fiscal year.

About Turning Point Brands

Turning Point Brands, Inc, formerly North Atlantic Holding Company, Inc, is a provider of Other Tobacco Products (OTP) in the United States. The Company operates through three segments: smokeless products, smoking products and NewGen products. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.

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