Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – Here’s Why

Nine Dragons Paper (OTCMKTS:NDGPY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.49, but opened at $15.50. Nine Dragons Paper shares last traded at $15.50, with a volume of 201 shares trading hands.

Nine Dragons Paper Trading Down 16.2%

The company’s 50 day moving average is $18.09 and its 200 day moving average is $17.94. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 1.20.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a Hong Kong-based paper manufacturing company specializing in packaging paper and related products. Its principal products include containerboard, corrugating medium, coated duplex board, recycled pulp, and other paper and pulp products used in shipping, consumer goods packaging, printing, and industrial applications.

The company operates an integrated production model that includes the collection and use of recovered paper and other recycled fiber as raw materials.