Nine Dragons Paper (OTCMKTS:NDGPY) Reaches New 52-Week High - Should You Buy?

Key Points

• Nine Dragons Paper recently reached a new 52-week high of $15.49 during trading, indicating strong performance in the market.
• On July 25th, Citigroup upgraded Nine Dragons Paper from a "hold" to a "strong-buy" rating, with the overall market sentiment also reflecting a strong buy recommendation.
• The company specializes in the production and sale of various paper products in China, which increases its significance in the packaging and specialty paper markets.

Nine Dragons Paper (OTCMKTS:NDGPY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.49 and last traded at $15.49, with a volume of 270 shares traded. The stock had previously closed at $14.76.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Nine Dragons Paper from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of "Strong Buy".

Nine Dragons Paper Trading Up 5.0%

The business's 50 day moving average price is $11.15 and its 200-day moving average price is $9.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.99 and a quick ratio of 0.72.

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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