Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down, opening at $16.15 from a prior close of $22.75 (about a 29% drop) on very low volume (609 shares).
• Key financials show a debt-to-equity of 1.21, current ratio 1.07 and quick ratio 0.75, while the 50-day moving average ($21.87) sits well above the 200-day ($17.09) and the stock is trading below the 50-day and near the 200-day.
• Nine Dragons Paper is China’s largest containerboard packaging producer with vertical integration through recovered paper procurement networks and integrated pulp mills.

Nine Dragons Paper (OTCMKTS:NDGPY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $22.75, but opened at $16.15. Nine Dragons Paper shares last traded at $16.15, with a volume of 609 shares.

Nine Dragons Paper Stock Down 29.0%

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.07 and a quick ratio of 0.75. The business's fifty day moving average is $21.87 and its two-hundred day moving average is $17.09.

Nine Dragons Paper Company Profile

Nine Dragons Paper Holdings Limited is China's largest producer of containerboard packaging products and one of the largest in Asia. The company's core business encompasses the manufacturing and sale of linerboard, corrugating medium, coated duplex board, testliner and white-top kraftliner. In addition to packaging paper, Nine Dragons operates recovered paper procurement networks and integrated pulp mills, allowing the firm to control fiber sourcing and improve operational efficiency.

Since its founding in 1995, Nine Dragons Paper has expanded capacity through continuous investment in greenfield facilities and strategic acquisitions.

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