IT Tech Packaging (NYSE:ITP) Trading 107.4% Higher – Still a Buy?

IT Tech Packaging, Inc. (NYSE:ITPGet Free Report)’s stock price traded up 107.4% during trading on Wednesday . The stock traded as high as $1.07 and last traded at $0.60. 141,527,359 shares changed hands during trading, an increase of 19,838% from the average session volume of 709,822 shares. The stock had previously closed at $0.29.

IT Tech Packaging Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $6.74 million, a PE ratio of -0.68 and a beta of -0.27. The stock’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.25.

About IT Tech Packaging

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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.

Further Reading

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