Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Up – Should You Buy?

Nine Dragons Paper (OTCMKTS:NDGPY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.6845, but opened at $14.65. Nine Dragons Paper shares last traded at $14.65, with a volume of 450 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup raised Nine Dragons Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Nine Dragons Paper Stock Performance

The stock has a 50-day moving average of $13.88 and a 200-day moving average of $10.97.

Nine Dragons Paper Company Profile

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.