Nine Dragons Paper (OTCMKTS:NDGPY) Sees Strong Trading Volume – Should You Buy?

Shares of Nine Dragons Paper (OTCMKTS:NDGPY) saw unusually-high trading volume on Thursday. Approximately 1,645 shares were traded during trading, an increase of 378% from the previous session’s volume of 344 shares. The stock last traded at $13.17 and had previously closed at $12.7960.

Nine Dragons Paper Price Performance

The stock’s fifty day simple moving average is $16.43 and its 200-day simple moving average is $16.65. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 1.34.

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.