Orchids Paper Products (NYSEAMERICAN:TIS) fell 8.3% during mid-day trading on Friday . The stock traded as low as $2.50 and last traded at $2.55. 609,476 shares were traded during trading, an increase of 78% from the average session volume of 342,295 shares. The stock had previously closed at $2.78.

TIS has been the topic of a number of research analyst reports. TheStreet cut Orchids Paper Products from a “c-” rating to a “d+” rating in a report on Monday, July 9th. Zacks Investment Research cut Orchids Paper Products from a “hold” rating to a “sell” rating in a report on Thursday, April 26th.

A number of institutional investors have recently modified their holdings of TIS. Wells Fargo & Company MN boosted its holdings in Orchids Paper Products by 70.8% in the fourth quarter. Wells Fargo & Company MN now owns 28,282 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 11,728 shares during the last quarter. BlackRock Inc. boosted its holdings in Orchids Paper Products by 1.2% in the fourth quarter. BlackRock Inc. now owns 523,211 shares of the basic materials company’s stock valued at $6,698,000 after acquiring an additional 6,080 shares during the last quarter. LPL Financial LLC acquired a new position in Orchids Paper Products in the fourth quarter valued at $348,000. Wilen Investment Management CORP. boosted its holdings in Orchids Paper Products by 23.3% in the first quarter. Wilen Investment Management CORP. now owns 132,664 shares of the basic materials company’s stock valued at $1,061,000 after acquiring an additional 25,030 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Orchids Paper Products by 33.4% in the first quarter. Baird Financial Group Inc. now owns 227,965 shares of the basic materials company’s stock valued at $1,858,000 after acquiring an additional 57,061 shares during the last quarter.

About Orchids Paper Products (NYSEAMERICAN:TIS)

Orchids Paper Products Company manufactures and sells tissue products for at-home and away from home markets in the United States. Its products include paper towels, bathroom tissues, and paper napkins. The company offers its products under the Orchids Supreme, Clean Scents, Tackle, Colortex, My Size, Velvet, and Big Mopper brands; and licensed brands, such as Virtue, Truly Green, Golden Gate Paper, and Big Quality.

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