IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report)’s share price shot up 5.4% during mid-day trading on Tuesday . The stock traded as high as $0.21 and last traded at $0.20. 394,688 shares traded hands during trading, a decline of 85% from the average session volume of 2,641,446 shares. The stock had previously closed at $0.19.
IT Tech Packaging Stock Up 5.4%
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 market cap of $1.96 million, a P/E ratio of -0.20 and a beta of -1.00. The firm has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.29.
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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