Nine Dragons Paper (OTCMKTS:NDGPY) Sees Strong Trading Volume – Should You Buy?

Nine Dragons Paper (OTCMKTS:NDGPY) shares saw unusually-strong trading volume on Monday . 650 shares traded hands during trading, an increase of 166% from the previous session’s volume of 244 shares.The stock last traded at $18.49 and had previously closed at $17.80.

Nine Dragons Paper Price Performance

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 1.11. The firm’s 50 day simple moving average is $16.58 and its 200-day simple moving average is $18.33.

About Nine Dragons Paper

Nine Dragons Paper Holdings Limited is China’s largest producer of containerboard packaging products and one of the largest in Asia. The company’s core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.