Lee & Man Paper Manufacturing (OTCMKTS:LMPMY) Stock Price Up 2.8% – Time to Buy?

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY)’s share price traded up 2.8% during mid-day trading on Wednesday . The company traded as high as $5.12 and last traded at $5.12. 4,657 shares changed hands during trading, an increase of 150% from the average session volume of 1,865 shares. The stock had previously closed at $4.98.

Lee & Man Paper Manufacturing Price Performance

The firm’s 50 day simple moving average is $4.29 and its 200 day simple moving average is $3.74.

Lee & Man Paper Manufacturing Company Profile

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMY) is a Hong Kong–based integrated paper manufacturer specializing in containerboard, coated duplex board, pulp and other paper packaging products. The company’s primary business activities include the production and sale of corrugated packaging materials, paperboard for consumer goods, and wood pulp. Its product offerings are designed to serve a wide range of end markets, from e-commerce and fast-moving consumer goods to industrial packaging sectors.

With multiple production facilities concentrated in southern China, Lee & Man Paper has established a network of manufacturing bases across Guangdong, Guangxi and other provinces.