IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) shares fell 10.2% during trading on Thursday . The company traded as low as $0.41 and last traded at $0.41. 195,871 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 959,409 shares. The stock had previously closed at $0.46.
IT Tech Packaging Trading Down 10.2 %
The firm’s 50-day simple moving average is $0.31 and its 200-day simple moving average is $0.27. 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 $4.15 million, a PE ratio of -0.42 and a beta of -0.62.
About IT Tech Packaging
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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