IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report)’s share price shot up 16.8% during trading on Tuesday . The stock traded as high as $0.2217 and last traded at $0.2115. 3,416,735 shares were traded during mid-day trading, an increase of 1,368% from the average session volume of 232,774 shares. The stock had previously closed at $0.1811.
IT Tech Packaging Stock Up 16.8%
The company has a 50-day simple moving average of $0.20 and a 200 day simple moving average of $0.23. The company has a market cap of $3.59 million, a P/E ratio of -0.22 and a beta of -0.38. The company has a current ratio of 1.59, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.
Hedge Funds Weigh In On IT Tech Packaging
An institutional investor recently bought a new position in IT Tech Packaging stock. Financial Plan Inc. acquired a new stake in IT Tech Packaging, Inc. (NYSE:ITP – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 135,000 shares of the company’s stock, valued at approximately $30,000. Financial Plan Inc. owned about 0.80% of IT Tech Packaging as of its most recent SEC filing. Hedge funds and other institutional investors own 2.99% of the company’s stock.
IT Tech Packaging Company Profile
IT Tech Packaging, Inc (NYSE: ITP) is a global manufacturer of all-aluminum rigid packaging solutions, primarily serving the beauty, personal care, food and industrial markets. The company’s offering includes decorative and functional canisters, aerosol containers, tubes and closures that leverage corrosion-resistant, lightweight aluminum. By combining sheet-metal forming processes with proprietary printing and finishing technologies, IT Tech Packaging delivers premium packaging designed to meet both aesthetic and performance requirements.
Founded in the early 1990s and headquartered in the United States, IT Tech Packaging operates a network of production facilities across North America, Europe and Asia.
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