Nine Dragons Paper (OTCMKTS:NDGPY) Stock Price Down 7.6% – Should You Sell?

Shares of Nine Dragons Paper (OTCMKTS:NDGPY) dropped 7.6% on Wednesday. The stock traded as low as $12.01 and last traded at $12.01. 143 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 463 shares. The stock had previously closed at $13.00.

Nine Dragons Paper Price Performance

The business has a 50-day moving average of $15.97 and a 200 day moving average of $17.85. The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34.

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.