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

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.48 and last traded at $12.48, with a volume of 301 shares changing hands. The stock had previously closed at $13.2740.

Nine Dragons Paper Price Performance

The stock’s 50-day moving average price is $16.54 and its 200-day moving average price is $16.67. 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 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.