Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Up – Time to Buy?

Shares of Nine Dragons Paper (OTCMKTS:NDGPY) gapped up prior to trading on Wednesday. The stock had previously closed at $13.1650, but opened at $13.75. Nine Dragons Paper shares last traded at $13.75, with a volume of 122 shares trading hands.

Nine Dragons Paper Price Performance

The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average price of $16.83 and a 200-day moving average price of $16.73.

About Nine Dragons Paper

Nine Dragons Paper Holdings Ltd. is a China-based paper manufacturing company that produces packaging paper and other paper products primarily from recovered paper and virgin pulp. Its product portfolio includes containerboard, corrugating medium, coated white top linerboard, recycled linerboard, printing and writing paper, specialty paper and pulp.

Founded in 1995, the company supplies paper used in corrugated boxes, consumer packaging, publishing and other industrial applications. Nine Dragons Paper serves customers through production facilities and operations in mainland China and international markets, including Vietnam, Malaysia and the United States.

The company is associated with founder and chairwoman Zhang Yin, who established the business with Liu Mingzhong.