Shares of IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) rose 107.4% during mid-day trading on Wednesday . The stock traded as high as $1.07 and last traded at $0.60. Approximately 141,527,359 shares traded hands during trading, an increase of 19,838% from the average daily 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 stock has a 50-day moving average price of $0.25 and a 200 day moving average price of $0.25. The stock has a market capitalization of $6.05 million, a price-to-earnings ratio of -0.61 and a beta of -0.27.
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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