Nine Dragons Paper (OTCMKTS:NDGPY) Stock Price Down 7.4% – Time to Sell?

Nine Dragons Paper (OTCMKTS:NDGPY – Get Free Report)’s stock price fell 7.4% on Friday. The stock traded as low as $10.83 and last traded at $10.83. 509 shares changed hands during trading, a decline of 17% from the average session volume of 613 shares. The stock had previously closed at $11.6950.

Nine Dragons Paper Stock Down 2.9%

The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The business’s 50-day simple moving average is $14.43 and its 200-day simple moving average is $17.54.

Nine Dragons Paper Company Profile

(Get Free Report)

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp. Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations. Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.

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