Nine Dragons Paper (OTCMKTS:NDGPY) Hits New 52-Week High – Time to Buy?

Nine Dragons Paper (OTCMKTS:NDGPY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.80 and last traded at $22.80, with a volume of 102 shares trading hands. The stock had previously closed at $22.75.

Nine Dragons Paper Stock Performance

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.07 and a quick ratio of 0.75. The firm has a fifty day moving average of $17.68 and a 200-day moving average of $14.99.

Nine Dragons Paper Company Profile

Nine Dragons Paper Holdings Limited is China’s largest producer of containerboard packaging products and one of the largest in Asia. The company’s core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.