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

Key Points

• Nine Dragons Paper gapped down after the prior close of $22.80 to open and last trade at $15.91, on very light volume of just 310 shares.
• The company shows moderate leverage and tight liquidity with a debt-to-equity of 1.20, current ratio of 1.11 and quick ratio of 0.74, while its 50-day and 200-day moving averages are $19.34 and $17.41 respectively.
• Nine Dragons is China's largest producer of containerboard packaging and runs recovered paper procurement networks and integrated pulp mills to control fiber sourcing and efficiency.

Nine Dragons Paper (OTCMKTS:NDGPY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $22.80, but opened at $15.91. Nine Dragons Paper shares last traded at $15.91, with a volume of 310 shares changing hands.

Nine Dragons Paper Stock Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.11 and a quick ratio of 0.74. The firm has a 50-day moving average of $19.34 and a 200-day moving average of $17.41.

About Nine Dragons Paper

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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