Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – What’s Next?

Nine Dragons Paper (OTCMKTS:NDGPY) gapped down prior to trading on Monday. The stock had previously closed at $12.9226, but opened at $12.00. Nine Dragons Paper shares last traded at $12.30, with a volume of 238 shares.

Nine Dragons Paper Stock Down 7.5%

The stock has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $16.60. The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34.

Nine Dragons Paper Company Profile

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.