IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) traded down 10.2% during mid-day trading on Thursday . The company traded as low as $0.41 and last traded at $0.41. 195,871 shares changed 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 Stock Performance
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 1.59. The stock’s 50 day moving average price is $0.32 and its 200 day moving average price is $0.27. The company has a market capitalization of $4.53 million, a P/E ratio of -0.46 and a beta of -0.62.
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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