Nine Dragons Paper (OTCMKTS:NDGPY) Reaches New 1-Year Low – Here’s What Happened

Nine Dragons Paper (OTCMKTS:NDGPY)’s stock price hit a new 52-week low on Thursday. The company traded as low as $11.1508 and last traded at $11.1508, with a volume of 436 shares. The stock had previously closed at $11.74.

Nine Dragons Paper Stock Down 4.7%

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.12 and a quick ratio of 0.82. The company’s fifty day moving average price is $14.58 and its 200 day moving average price is $17.57.

Nine Dragons Paper Company Profile

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.