Turning Point Brands Inc (NYSE:TPB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.75 and last traded at $11.02, with a volume of 83,450 shares traded. The stock had previously closed at $12.81.

TPB has been the topic of several recent research reports. Cowen and Company initiated coverage on Turning Point Brands in a research report on Monday, June 6th. They set an “outperform” rating and a $13.00 price target on the stock. FBR & Co restated a “buy” rating on shares of Turning Point Brands in a research report on Thursday, June 16th.

The firm has a market capitalization of $168.32 million and a price-to-earnings ratio of 12.03. The firm has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.39. The company had revenue of $51.60 million for the quarter, compared to analyst estimates of $48 million. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Turning Point Brands Inc will post $0.80 earnings per share for the current year.

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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