Nine Dragons Paper (OTCMKTS:NDGPY) Stock Falls 7.6% – Should You Sell?

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price dropped 7.6% during mid-day trading on Wednesday. The stock traded as low as $12.01 and last traded at $12.01. 143 shares were traded during trading, a decline of 69% from the average session volume of 463 shares. The stock had previously closed at $13.00.

Nine Dragons Paper Stock Down 6.6%

The company has a 50 day simple moving average of $15.73 and a 200 day simple moving average of $17.80. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 1.12.

Nine Dragons Paper Company Profile

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.