Nine Dragons Paper (OTCMKTS:NDGPY) Hits New 12-Month Low – What’s Next?

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) hit a new 52-week low on Tuesday . The stock traded as low as $6.60 and last traded at $6.60, with a volume of 1461 shares trading hands. The stock had previously closed at $7.10.

Nine Dragons Paper Stock Down 7.0 %

The stock has a 50-day moving average price of $8.19 and a 200-day moving average price of $8.43. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 1.16.

About Nine Dragons Paper

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.