IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report)’s share price traded up 3.2% during mid-day trading on Thursday . The company traded as high as $0.38 and last traded at $0.36. 2,379,791 shares changed hands during trading, an increase of 247% from the average session volume of 686,492 shares. The stock had previously closed at $0.35.
IT Tech Packaging Stock Performance
The company has a quick ratio of 1.31, a current ratio of 1.59 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.44 million, a P/E ratio of -0.35 and a beta of -0.75. The company’s 50 day moving average is $0.40 and its 200-day moving average is $0.30.
IT Tech Packaging Company Profile
IT Tech Packaging, Inc, together with its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company operates through three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies.
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