IT Tech Packaging Shares Scheduled to Reverse Split on Monday, November 23rd (NYSE:ITP)

Shares of IT Tech Packaging, Inc. (NYSE:ITP) are set to reverse split before the market opens on Monday, November 23rd. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 22nd.

IT Tech Packaging Stock Performance

NYSE ITP traded up $0.00 during trading hours on Thursday, hitting $0.06. 1,752,904 shares of the company’s stock traded hands, compared to its average volume of 732,235. IT Tech Packaging has a 52 week low of $0.04 and a 52 week high of $0.33. The business’s fifty day moving average price is $0.14 and its two-hundred day moving average price is $0.18. The firm has a market capitalization of $1.07 million, a P/E ratio of -0.06 and a beta of -0.27. The company has a current ratio of 1.59, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.

IT Tech Packaging Company Profile

IT Tech Packaging, Inc. (NYSE: ITP) is a China-based paper manufacturing company. Through its subsidiaries, the company produces and sells paper products used in packaging, printing and consumer applications. Its product portfolio has included corrugating medium paper, offset printing paper, tissue paper and digital photo paper. The company has also operated power-generation facilities associated with its manufacturing activities, including cogeneration operations intended to support production.