Shares of Turning Point Brands Inc. (NYSE:TPB) traded at a new 52-week high today of $49.63. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 149,000 shares.
Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments Smokeless products; Smoking products and NewGen products. Its portfolio of brands in the OTP industry includes Stoker’s in the Smokeless segment, Zig-Zag in the Smoking segment, and VaporBeast and VaporFi in the NewGen segment.
In the past 52 weeks, shares of Turning Point Brands Inc. have traded between a low of $14.09 and a high of $49.63 and is now at $49.63, which is 252% above that low price.
Turning Point Brands Inc. (NYSE:TPB) has potential upside of 59.0% based on a current price of $49.63 and analysts’ consensus price target of $78.93.
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