Nine Dragons Paper (OTCMKTS:NDGPY) Trading Up 3.4%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) shares shot up 3.4% on Friday . The company traded as high as $33.04 and last traded at $33.04. 500 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 406 shares. The stock had previously closed at $31.94.

The firm’s 50-day moving average is $31.11 and its two-hundred day moving average is $31.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 1.12.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, July 26th. Shareholders of record on Thursday, June 17th will be paid a dividend of $0.272 per share. The ex-dividend date is Wednesday, June 16th.

About Nine Dragons Paper (OTCMKTS:NDGPY)

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, manufactures and sells packaging paper, recycled printing and writing paper, and specialty paper products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugated cardboard products; coated duplex boards; and specialty paper.

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