Nine Dragons Paper (OTCMKTS:NDGPY) Sees Strong Trading Volume – Time to Buy?

Nine Dragons Paper (OTCMKTS:NDGPY – Get Free Report) saw an uptick in trading volume on Thursday. Approximately 1,900 shares traded hands during trading, an increase of 312% from the average daily volume of 461 shares. The stock last traded at $12.01 and had previously closed at $13.00.

Nine Dragons Paper Trading Down 6.6%

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.12 and a quick ratio of 0.82. The company has a fifty day moving average price of $15.60 and a 200-day moving average price of $17.78.

Nine Dragons Paper Company Profile

(Get Free Report)

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.

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