Nine Dragons Paper (OTCMKTS:NDGPY) Hits New 1-Year High - Time to Buy?

Key Points

• Nine Dragons Paper reached a new 52-week high of $13.58, indicating strong market performance with a trading volume of 236 shares.
• Citigroup upgraded Nine Dragons Paper from a "hold" to a "strong-buy" rating, reflecting analysts' increased confidence in the stock.
• The company's current ratio is 0.99 and it has a debt-to-equity ratio of 1.08, suggesting a moderate level of financial stability.

Nine Dragons Paper (OTCMKTS:NDGPY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $13.58 and last traded at $13.58, with a volume of 236 shares changing hands. The stock had previously closed at $13.32.

Analysts Set New Price Targets

Separately, Citigroup raised Nine Dragons Paper from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th.

Nine Dragons Paper Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The company has a fifty day moving average of $9.40 and a two-hundred day moving average of $8.36.

Nine Dragons Paper Company Profile

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.

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