Nine Dragons Paper (OTCMKTS:NDGPY) Hits New 12-Month Low – What’s Next?

Nine Dragons Paper (OTCMKTS:NDGPY) shares reached a new 52-week low on Wednesday. The company traded as low as $12.48 and last traded at $12.48, with a volume of 301 shares traded. The stock had previously closed at $13.2740.

Nine Dragons Paper Stock Down 5.4%

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.12 and a quick ratio of 0.82. The company’s 50-day simple moving average is $16.31 and its 200-day simple moving average is $16.62.

Nine Dragons Paper Company Profile

Nine Dragons Paper Holdings Limited is a China-based paper manufacturing company that produces packaging paper and other paper products. Its portfolio includes containerboard, corrugating medium, coated duplex board, printing and writing paper, specialty paper, and recycled pulp. These materials are used in shipping cartons, consumer packaging, commercial printing, and other industrial applications.

The company was established in 1995 and has developed an integrated paper-production business that uses recovered paper and other fiber materials as key inputs.