Nine Dragons Paper (OTCMKTS:NDGPY) Sets New 12-Month Low – Should You Sell?

Nine Dragons Paper (OTCMKTS:NDGPY)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $12.48 and last traded at $12.48, with a volume of 301 shares changing hands. The stock had previously closed at $13.2740.

Nine Dragons Paper Stock Performance

The firm’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $16.67. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 1.12.

About Nine Dragons Paper

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.