Shares of IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) rose 3.2% on Thursday . The stock traded as high as $0.38 and last traded at $0.36. Approximately 2,379,791 shares traded hands during mid-day trading, an increase of 247% from the average daily volume of 686,492 shares. The stock had previously closed at $0.35.
IT Tech Packaging Stock Down 3.9 %
The stock has a 50-day moving average price of $0.40 and a 200-day moving average price of $0.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 1.31. The company has a market capitalization of $3.44 million, a P/E ratio of -0.35 and a beta of -0.75.
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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