Nine Dragons Paper (OTCMKTS:NDGPY) Shares Climb 8.4% – Here’s Why

Nine Dragons Paper (OTCMKTS:NDGPY) rose 8.4% on Tuesday. The stock traded as high as $13.22 and last traded at $13.22. 116 shares traded hands during trading, a decline of 75% from the average daily volume of 460 shares. The stock had previously closed at $12.20.

Nine Dragons Paper Trading Down 7.6%

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 business has a 50 day simple moving average of $15.85 and a 200-day simple moving average of $17.83.

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.