IT Tech Packaging (NYSE:ITP) Trading 5.7% Higher – Here’s What Happened

IT Tech Packaging, Inc. (NYSE:ITPGet Free Report)’s stock price was up 5.7% during mid-day trading on Monday . The stock traded as high as $0.2364 and last traded at $0.2307. Approximately 741,583 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 4,042,760 shares. The stock had previously closed at $0.2182.

IT Tech Packaging Price Performance

The firm has a fifty day simple moving average of $0.25 and a 200 day simple moving average of $0.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 1.59. The company has a market capitalization of $4.11 million, a PE ratio of -0.25 and a beta of -0.63.

About IT Tech Packaging

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IT Tech Packaging, Inc, together with its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company operates through three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies.

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