Nine Dragons Paper (OTCMKTS:NDGPY) Shares Down 11.1% – Here’s What Happened

Nine Dragons Paper (OTCMKTS:NDGPY) was down 11.1% during trading on Monday. The stock traded as low as $13.7750 and last traded at $13.7750. Approximately 347 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 262 shares. The stock had previously closed at $15.50.

Nine Dragons Paper Price Performance

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.12 and a quick ratio of 0.82. The business has a 50 day moving average of $17.01 and a 200 day moving average of $16.86.

About Nine Dragons Paper

Nine Dragons Paper Holdings Ltd. is a China-based paper manufacturing company that produces packaging paper and other paper products primarily from recovered paper and virgin pulp. Its product portfolio includes containerboard, corrugating medium, coated white top linerboard, recycled linerboard, printing and writing paper, specialty paper and pulp.

Founded in 1995, the company supplies paper used in corrugated boxes, consumer packaging, publishing and other industrial applications. Nine Dragons Paper serves customers through production facilities and operations in mainland China and international markets, including Vietnam, Malaysia and the United States.

The company is associated with founder and chairwoman Zhang Yin, who established the business with Liu Mingzhong.