Nine Dragons Paper (OTCMKTS:NDGPY) Stock Falls 7.4% – Here’s Why

Shares of Nine Dragons Paper (OTCMKTS:NDGPY) dropped 7.4% during trading on Friday. The stock traded as low as $10.83 and last traded at $10.83. 509 shares were traded during mid-day trading, a decline of 17% from the average session volume of 613 shares. The stock had previously closed at $11.6950.

Nine Dragons Paper Price Performance

The company has a fifty day simple moving average of $14.43 and a two-hundred day simple moving average of $17.54. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 1.34.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a paper and pulp manufacturer focused on packaging materials and other paper products. Its main products include containerboard, corrugated cardboard, printing and writing paper, tissue paper, and pulp. Founded in 1995 by Zhang Yin, the company has grown into a major paper producer in China. It uses recovered paper and other fiber sources in its manufacturing operations. Nine Dragons Paper operates production facilities in China and has expanded its manufacturing presence to other markets, including Vietnam, Malaysia, and the United States.