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

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $22.75, but opened at $16.15. Nine Dragons Paper shares last traded at $16.15, with a volume of 609 shares changing hands.

Nine Dragons Paper Stock Down 29.0%

The company’s 50-day moving average price is $21.87 and its 200 day moving average price is $17.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.75 and a current ratio of 1.07.

About Nine Dragons Paper

Nine Dragons Paper Holdings Limited is China’s largest producer of containerboard packaging products and one of the largest in Asia. The company’s core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.