Nine Dragons Paper (OTCMKTS:NDGPY) Reaches New 1-Year High - Should You 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 stock price reached a new 52-week high 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.

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.

Nine Dragons Paper Price Performance

The business has a 50-day moving average price of $9.08 and a two-hundred day moving average price of $8.25. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

About Nine Dragons Paper

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.