Orchids Paper Products Company (TIS) saw a big move in the last trading session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TIS as the stock is now down over 13% since April 1.
This slump shouldn’t be too much of a surprise to investors, as the company, engaged in manufacture and sale of tissue products, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TIS currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Investors interested in the Basic Materials sector may consider better-ranked stocks like AngloGold Ashanti Ltd. (AU), Gold Fields Ltd. (GFI) and General Moly, Inc. (GMO), each carrying a Zacks Rank #1 (Strong Buy).
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ORCHIDS PAP PRD COMP (TIS): Free Stock Analysis Report
ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report
GENERAL MOLY INC COM (GMO): Free Stock Analysis Report
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