Nine Dragons Paper (OTCMKTS:NDGPY) Sees Strong Trading Volume – Time to Buy?

Nine Dragons Paper (OTCMKTS:NDGPY) shares saw strong trading volume on Friday. 1,389 shares traded hands during mid-day trading, an increase of 140% from the average daily volume of 578 shares. The stock last traded at $11.74 and had previously closed at $12.27.

Nine Dragons Paper Stock 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 company has a 50-day moving average price of $15.10 and a 200-day moving average price of $17.68.

About Nine Dragons Paper

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.