Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – Time to Sell?

Nine Dragons Paper (OTCMKTS:NDGPY – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $15.50, but opened at $13.1650. Nine Dragons Paper shares last traded at $13.1650, with a volume of 193 shares.

Nine Dragons Paper Price Performance

The company’s 50-day moving average price is $17.41 and its 200 day moving average price is $17.12.

About Nine Dragons Paper

(Get Free Report)

Nine Dragons Paper Holdings Ltd. is a China-based paper manufacturing company that produces packaging paper and other paper products primarily from recovered paper and virgin pulp. Its product portfolio includes containerboard, corrugating medium, coated white top linerboard, recycled linerboard, printing and writing paper, specialty paper and pulp.

Founded in 1995, the company supplies paper used in corrugated boxes, consumer packaging, publishing and other industrial applications. Nine Dragons Paper serves customers through production facilities and operations in mainland China and international markets, including Vietnam, Malaysia and the United States.

The company is associated with founder and chairwoman Zhang Yin, who established the business with Liu Mingzhong.

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