Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – Should You Sell?

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price gapped down before the market opened on Monday. The stock had previously closed at $12.27, but opened at $11.75. Nine Dragons Paper shares last traded at $11.6950, with a volume of 630 shares traded.

Nine Dragons Paper Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The stock’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $17.60.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp. Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations. Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.