Nine Dragons Paper (OTCMKTS:NDGPY) Sees Large Volume Increase – Still a Buy?

Nine Dragons Paper (OTCMKTS:NDGPY) shares saw strong trading volume on Monday . Approximately 650 shares were traded during trading, an increase of 166% from the previous session’s volume of 244 shares.The stock last traded at $18.49 and had previously closed at $17.80.

Nine Dragons Paper Stock Up 3.9%

The business has a 50-day simple moving average of $16.48 and a two-hundred day simple moving average of $18.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.11 and a quick ratio of 0.74.

About Nine Dragons Paper

Nine Dragons Paper Holdings Limited is China’s largest producer of containerboard packaging products and one of the largest in Asia. The company’s core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.