Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – Should You Sell?

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price gapped down before the market opened on Monday. The stock had previously closed at $12.9226, but opened at $12.00. Nine Dragons Paper shares last traded at $12.30, with a volume of 238 shares trading hands.

Nine Dragons Paper Trading Down 7.6%

The company’s 50 day moving average price is $15.97 and its two-hundred day moving average price is $17.85. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 1.34.

About Nine Dragons Paper

Nine Dragons Paper Holdings Limited is a China-based paper manufacturing company that produces packaging paper and other paper products. Its portfolio includes containerboard, corrugating medium, coated duplex board, printing and writing paper, specialty paper, and recycled pulp. These materials are used in shipping cartons, consumer packaging, commercial printing, and other industrial applications.

The company was established in 1995 and has developed an integrated paper-production business that uses recovered paper and other fiber materials as key inputs.