IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report)’s stock price shot up 4% during mid-day trading on Monday . The stock traded as high as $0.26 and last traded at $0.26. 38,019 shares were traded during trading, a decline of 43% from the average session volume of 66,179 shares. The stock had previously closed at $0.25.
IT Tech Packaging Price Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 1.46 and a quick ratio of 1.23. The firm has a 50-day moving average of $0.25 and a 200-day moving average of $0.24. The stock has a market cap of $2.55 million, a PE ratio of -0.24 and a beta of -0.17.
IT Tech Packaging (NYSE:ITP – Get Free Report) last released its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. IT Tech Packaging had a negative return on equity of 5.87% and a negative net margin of 14.00%. The business had revenue of $26.25 million for the quarter.
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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