IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report)’s share price shot up 7.2% on Tuesday . The stock traded as high as $0.25 and last traded at $0.25. 197,119 shares traded hands during trading, an increase of 184% from the average session volume of 69,425 shares. The stock had previously closed at $0.24.
IT Tech Packaging Price Performance
The firm has a 50-day simple moving average of $0.25 and a two-hundred day simple moving average of $0.24. The company has a market capitalization of $2.54 million, a price-to-earnings ratio of -0.26 and a beta of -0.27. The company has a current ratio of 1.59, a quick ratio of 1.31 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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