Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – Here’s Why

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $12.27, but opened at $11.75. Nine Dragons Paper shares last traded at $11.6950, with a volume of 630 shares traded.

Nine Dragons Paper Stock Performance

The business’s 50 day moving average price is $14.97 and its 200 day moving average price is $17.65. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 1.12.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp.

Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations.

Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.