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IT Tech Packaging (NYSE:ITP) share price rises 3.2%

IT Tech Packaging (NYSE:ITP) share price rises 3.2%
IT Tech Packaging (NYSE:ITP) share price rises 3.2%


IT Tech Packaging, Inc. (NYSE:ITP – Free Report) shares rose 3.2% on Monday. The company traded as high as $0.24 and was last seen at $0.24. About 30,443 shares traded hands during midday trading, a 47% decline from the average daily volume of 57,590 shares. The stock had previously closed at $0.23.

IT-Tech packaging trade increases by 3.2%

The company has a 50 day moving average of $0.24 and a 200 day moving average of $0.26. The company has a liquidity ratio of 1.22, a quick ratio of 1.08 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.41 million, a P/E ratio of -0.22 and a beta of -0.12.

IT Tech Packaging (NYSE:ITP – Free Report) last released its quarterly earnings results on Friday, May 10. The company reported earnings per share of ($0.37) for the quarter. IT Tech Packaging had a negative net margin of 14.88% and a negative return on equity of 6.51%. The company posted revenue of $6.86 million during the quarter.

Company profile of IT Tech Packaging

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IT Tech Packaging, Inc., together with its subsidiaries, is engaged in the manufacture and distribution of paper products in the People’s Republic of China. The company operates through three segments: Dongfang Paper, Tengsheng Paper and Baoding Shengde. It provides corrugated containerboard to companies that manufacture corrugated cardboard and offset printing paper to printing companies.

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