Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – Time to Sell?

Nine Dragons Paper (OTCMKTS:NDGPY) gapped down prior to trading on Wednesday . The stock had previously closed at $18.49, but opened at $15.50. Nine Dragons Paper shares last traded at $15.50, with a volume of 201 shares traded.

Nine Dragons Paper Stock Down 16.2%

The company has a 50-day simple moving average of $18.09 and a 200-day simple moving average of $17.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 1.11.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a Hong Kong-based paper manufacturing company specializing in packaging paper and related products. Its principal products include containerboard, corrugating medium, coated duplex board, recycled pulp, and other paper and pulp products used in shipping, consumer goods packaging, printing, and industrial applications.

The company operates an integrated production model that includes the collection and use of recovered paper and other recycled fiber as raw materials.