Nine Dragons Paper (OTCMKTS:NDGPY) Stock Price Down 1.2% – Here’s What Happened

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) were down 1.2% during trading on Friday . The company traded as low as $8.50 and last traded at $8.50. Approximately 610 shares traded hands during trading, a decline of 32% from the average daily volume of 895 shares. The stock had previously closed at $8.60.

Nine Dragons Paper Stock Down 1.2 %

The firm’s fifty day simple moving average is $8.18 and its 200 day simple moving average is $8.39. The company has a quick ratio of 0.84, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.