Nine Dragons Paper (OTCMKTS:NDGPY) Trading Down 1.2% – Here’s Why

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) shares fell 1.2% on Friday . The company traded as low as $8.50 and last traded at $8.50. 610 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 895 shares. The stock had previously closed at $8.60.

Nine Dragons Paper Stock Down 1.2 %

The company has a quick ratio of 0.84, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average price is $8.18 and its 200-day moving average price is $8.39.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.