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Nine Dragons Paper (OTCMKTS:NDGPY – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as $11.68 and last traded at $11.68, with a volume of 156 shares changing hands. The stock had previously closed at $12.01.
Nine Dragons Paper Price Performance
The business’s 50 day moving average is $15.73 and its 200-day moving average is $17.80. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 1.34.
About Nine Dragons Paper
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.
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