Nine Dragons Paper (OTCMKTS:NDGPY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.15 and traded as low as $7.70. Nine Dragons Paper shares last traded at $8.04, with a volume of 2,144 shares changing hands.

Nine Dragons Paper Stock Performance

The firm’s 50-day simple moving average is $8.15 and its 200 day simple moving average is $8.28.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.