Shares of IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) traded up 3.5% on Tuesday . The company traded as high as $0.24 and last traded at $0.24. 49,570 shares traded hands during trading, a decline of 6% from the average session volume of 52,875 shares. The stock had previously closed at $0.23.
IT Tech Packaging Stock Performance
The company has a 50 day moving average of $0.24 and a 200 day moving average of $0.25. The firm has a market cap of $2.40 million, a price-to-earnings ratio of -0.22 and a beta of -0.12. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03.
IT Tech Packaging (NYSE:ITP – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $26.25 million for the quarter. IT Tech Packaging had a negative return on equity of 5.87% and a negative net margin of 14.00%.
IT Tech Packaging Company Profile
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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