Nine Dragons Paper (OTCMKTS:NDGPY) Sets New 12-Month High – Should You Buy?

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $15.49 and last traded at $15.49, with a volume of 270 shares. The stock had previously closed at $14.76.

Analyst Upgrades and Downgrades

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

Nine Dragons Paper Trading Up 5.9%

The business’s fifty day simple moving average is $11.29 and its 200-day simple moving average is $9.05. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Nine Dragons Paper Company Profile

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.