Lee & Man Paper Manufacturing (OTCMKTS:LMPMY) Stock Price Up 6.8% – Should You Buy?

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) shares shot up 6.8% during mid-day trading on Thursday. The stock traded as high as $4.22 and last traded at $4.22. 1,730 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 963 shares. The stock had previously closed at $3.95.

Lee & Man Paper Manufacturing Stock Performance

The firm’s 50-day moving average is $4.67 and its 200 day moving average is $4.28.

About Lee & Man Paper Manufacturing

Lee & Man Paper Manufacturing Limited is a Hong Kong-based paper manufacturer focused on the production and sale of packaging paper, paperboard, pulp and tissue paper products. Its portfolio includes containerboard and other materials used in corrugated boxes, as well as tissue products for consumer and commercial applications.

The company operates an integrated paper-making business that includes pulp production, paper manufacturing and related converting activities. Its products serve packaging manufacturers, industrial customers and tissue-product markets, primarily in China and other parts of Asia.

Lee & Man Paper was established in 1994 and has expanded its manufacturing presence through production facilities in mainland China and Vietnam.