IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) shares 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 Performance
The firm has a market capitalization of $4.53 million, a price-to-earnings ratio of -0.46 and a beta of -0.62. 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’s 50-day moving average is $0.32 and its 200-day moving average is $0.27.
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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