Lee & Man Paper Manufacturing (OTCMKTS:LMPMY) Shares Up 1.9% – Still a Buy?

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMYGet Free Report) shares shot up 1.9% on Monday . The company traded as high as $4.74 and last traded at $4.74. Approximately 316 shares were traded during mid-day trading, a decline of 68% from the average session volume of 977 shares. The stock had previously closed at $4.65.

Lee & Man Paper Manufacturing Stock Performance

The stock has a 50-day moving average of $4.66 and a two-hundred day moving average of $4.35.

About Lee & Man Paper Manufacturing

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Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) is a Hong Kong–based integrated paper manufacturer specializing in containerboard, coated duplex board, pulp and other paper packaging products. The company’s primary business activities include the production and sale of corrugated packaging materials, paperboard for consumer goods, and wood pulp. Its product offerings are designed to serve a wide range of end markets, from e-commerce and fast-moving consumer goods to industrial packaging sectors.

With multiple production facilities concentrated in southern China, Lee & Man Paper has established a network of manufacturing bases across Guangdong, Guangxi and other provinces.

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