IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) shares rose 4.7% during trading on Thursday . The company traded as high as $0.2150 and last traded at $0.2055. Approximately 1,120,116 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 987,860 shares. The stock had previously closed at $0.1963.
IT Tech Packaging Stock Performance
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 business has a 50-day moving average price of $0.19 and a 200 day moving average price of $0.21. The stock has a market capitalization of $3.49 million, a P/E ratio of -0.21 and a beta of -0.25.
Institutional Trading of IT Tech Packaging
A hedge fund recently bought a new stake in IT Tech Packaging stock. Financial Plan Inc. acquired a new stake in IT Tech Packaging, Inc. (NYSE:ITP – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 135,000 shares of the company’s stock, valued at approximately $30,000. Financial Plan Inc. owned approximately 0.80% of IT Tech Packaging at the end of the most recent quarter. 2.99% of the stock is currently owned by hedge funds and other institutional investors.
IT Tech Packaging Company Profile
IT Tech Packaging, Inc (NYSE: ITP) is a global manufacturer of all-aluminum rigid packaging solutions, primarily serving the beauty, personal care, food and industrial markets. The company’s offering includes decorative and functional canisters, aerosol containers, tubes and closures that leverage corrosion-resistant, lightweight aluminum. By combining sheet-metal forming processes with proprietary printing and finishing technologies, IT Tech Packaging delivers premium packaging designed to meet both aesthetic and performance requirements.
Founded in the early 1990s and headquartered in the United States, IT Tech Packaging operates a network of production facilities across North America, Europe and Asia.
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