Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Up – Still a Buy?

Shares of Nine Dragons Paper (OTCMKTS:NDGPY) gapped up before the market opened on Friday. The stock had previously closed at $12.11, but opened at $12.9226. Nine Dragons Paper shares last traded at $12.9226, with a volume of 214 shares traded.

Nine Dragons Paper Stock Up 6.7%

The company has a 50 day moving average price of $16.31 and a 200-day moving average price of $16.62. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 1.34.

Nine Dragons Paper Company Profile

Nine Dragons Paper Holdings Limited is a China-based paper manufacturing company that produces packaging paper and other paper products. Its portfolio includes containerboard, corrugating medium, coated duplex board, printing and writing paper, specialty paper, and recycled pulp. These materials are used in shipping cartons, consumer packaging, commercial printing, and other industrial applications.

The company was established in 1995 and has developed an integrated paper-production business that uses recovered paper and other fiber materials as key inputs.