Turning Point Brands Inc. (TPB) Breaks into New 52-Week High on October 11 Session

Equities Staff  |

Shares of Turning Point Brands Inc. (TPB) broke into a new 52-week high yesterday, hitting a peak of $18.42. Shares closed at $18.14 after opening at $18.00 for a move of 1.4%. The company now has a market cap of $345.19 million.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Turning Point Brands Inc., the new 52-week high came on volume of 44,707. The stock has a float of 19.03 million shares and average daily volume of $26,469. It has a 50-day SMA of $16.68 and a 200-day SMA of $15.23.

Turning Point Brands Inc. now has a P/E ratio of 10.1.

For a complete fundamental analysis analysis of Turning Point Brands Inc., check out Equities.com’s Stock Valuation Analysis report for TPB.

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Turning Point Brands Inc is engaged in providing tobacco products in the U.S. It sells products including moist snuff, loose leaf chewing tobacco, cigarette papers, make- your-own cigar wraps & cigar smoking tobacco, cigars & tobacco vaporizer products.

Turning Point Brands Inc. is based out of Louisville, KY and has some 286 employees. Its CEO is Lawrence S. Wexler.

Turning Point Brands Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

To get more information on Turning Point Brands Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: TPB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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