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

Key Points

• Nine Dragons Paper's share price reached a new 52-week high of $12.10 during recent trading, up from a previous close of $10.50.
• Citigroup upgraded the stock's rating from "hold" to "strong-buy" on July 25th, indicating positive outlook from analysts.
• The company specializes in the production and sale of various paper products, including packaging paper and recycled printing paper in China.

Nine Dragons Paper (OTCMKTS:NDGPY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $12.10 and last traded at $12.10, with a volume of 104 shares changing hands. The stock had previously closed at $10.50.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded 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 quick ratio of 0.72, a current ratio of 0.99 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average of $8.82 and a two-hundred day moving average of $8.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.