IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report)’s stock price rose 107.4% on Wednesday . The company traded as high as $1.07 and last traded at $0.60. Approximately 141,527,359 shares traded hands during trading, an increase of 19,838% from the average daily volume of 709,822 shares. The stock had previously closed at $0.29.
IT Tech Packaging Trading Up 107.4 %
The company’s fifty day simple moving average is $0.25 and its 200-day simple moving average is $0.25. The firm has a market capitalization of $6.05 million, a PE ratio of -0.61 and a beta of -0.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 1.31.
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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