IT Tech Packaging (NYSE:ITP) Stock Price Down 4% – Here’s Why

IT Tech Packaging, Inc. (NYSE:ITPGet Free Report) traded down 4% during trading on Monday . The company traded as low as $0.2350 and last traded at $0.2401. 507,153 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 4,279,757 shares. The stock had previously closed at $0.25.

IT Tech Packaging Stock Down 4.0%

The business has a 50 day moving average of $0.25 and a 200 day moving average of $0.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 1.31. The firm has a market capitalization of $4.07 million, a price-to-earnings ratio of -0.24 and a beta of -0.78.

IT Tech Packaging Company Profile

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IT Tech Packaging, Inc, together with its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company operates through three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies.

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