Nine Dragons Paper (OTCMKTS:NDGPY) Sees Unusually-High Trading Volume – Should You Buy?

Nine Dragons Paper (OTCMKTS:NDGPY) shares saw unusually-high trading volume on Friday. Approximately 1,389 shares traded hands during trading, an increase of 140% from the average daily volume of 578 shares. The stock last traded at $11.74 and had previously closed at $12.27.

Nine Dragons Paper Stock Performance

The stock has a 50-day moving average of $15.10 and a 200 day moving average of $17.68. 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.