Turning Point Brands Inc. (TPB) Soars 7.21% on August 11

Equities Staff |

Turning Point Brands Inc. (TPB) had a good day on the market for Friday August 11 as shares jumped 7.21% to close at $16.96. About 39,780 shares traded hands on 353 trades for the day, compared with an average daily volume of 27,517 shares out of a total float of 18.85 million. After opening the trading day at $15.96, shares of Turning Point Brands Inc. stayed within a range of $17.30 to $15.58.

With today's gains, Turning Point Brands Inc. now has a market cap of $319.61 million.

The stock has a P/E Ratio of 11.3. Shares of Turning Point Brands Inc. have been trading within a range of $18.05 and $9.46 over the last year, and it had a 50-day SMA of $15.53 and a 200-day SMA of $14.52.

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.

For a complete fundamental 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 also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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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