Nine Dragons Paper (OTCMKTS:NDGPY) Hits New 12-Month Low – Time to Sell?

Shares of Nine Dragons Paper (OTCMKTS:NDGPY) hit a new 52-week low during trading on Friday. The company traded as low as $11.68 and last traded at $11.68, with a volume of 156 shares trading hands. The stock had previously closed at $12.01.

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 firm has a fifty day moving average of $15.73 and a 200-day moving average of $17.80.

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.