Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Up – Should You Buy?

Nine Dragons Paper (OTCMKTS:NDGPY) gapped up prior to trading on Monday . The stock had previously closed at $12.6845, but opened at $14.65. Nine Dragons Paper shares last traded at $14.65, with a volume of 450 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Nine Dragons Paper from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Nine Dragons Paper Price Performance

The business has a 50 day moving average price of $13.98 and a 200-day moving average price of $11.07.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.