IT Tech Packaging, Inc. (NYSE:ITP – Get Free Report) shares rose 4.7% during trading on Thursday . The company traded as high as $0.2150 and last traded at $0.2055. Approximately 1,120,116 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 987,860 shares. The stock had previously closed at $0.1963.
IT Tech Packaging Stock Performance
The firm has a market cap of $3.43 million, a price-to-earnings ratio of -0.21 and a beta of -0.25. The stock’s 50 day moving average is $0.19 and its 200 day moving average is $0.21. The company has a current ratio of 1.59, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in IT Tech Packaging stock. DRW Securities LLC purchased a new position in IT Tech Packaging, Inc. (NYSE:ITP – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 199,862 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned 1.18% of IT Tech Packaging as of its most recent filing with the Securities and Exchange Commission (SEC). 2.99% of the stock is currently owned by hedge funds and other institutional investors.
IT Tech Packaging Company Profile
IT Tech Packaging, Inc (NYSE: ITP) is a global manufacturer of all-aluminum rigid packaging solutions, primarily serving the beauty, personal care, food and industrial markets. The company’s offering includes decorative and functional canisters, aerosol containers, tubes and closures that leverage corrosion-resistant, lightweight aluminum. By combining sheet-metal forming processes with proprietary printing and finishing technologies, IT Tech Packaging delivers premium packaging designed to meet both aesthetic and performance requirements.
Founded in the early 1990s and headquartered in the United States, IT Tech Packaging operates a network of production facilities across North America, Europe and Asia.
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