Shares of IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) were down 10.2% during mid-day trading on Thursday . The stock traded as low as $0.41 and last traded at $0.41. Approximately 195,871 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 959,409 shares. The stock had previously closed at $0.46.
IT Tech Packaging Stock Down 10.2 %
The company’s fifty day moving average is $0.31 and its 200-day moving average is $0.27. The company has a market cap of $4.15 million, a PE ratio of -0.42 and a beta of -0.62. The company has a quick ratio of 1.31, a current ratio of 1.59 and a debt-to-equity ratio of 0.03.
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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