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

Key Points

• Nine Dragons Paper experienced a gap down in its stock price, opening at $10.50 after closing at $11.05 prior to trading on Monday.
• Citigroup upgraded Nine Dragons Paper from a "hold" rating to a "strong-buy" rating, signaling increased confidence in the company's investment potential.
• The company's 50-day simple moving average is $8.37, indicating a relative increase in stock performance over that period compared to its recent trading values.

Nine Dragons Paper (OTCMKTS:NDGPY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $11.05, but opened at $10.50. Nine Dragons Paper shares last traded at $10.50, with a volume of 1,000 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Nine Dragons Paper from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th.

Nine Dragons Paper Trading Down 6.5%

The business has a fifty day moving average price of $8.64 and a two-hundred day moving average price of $8.11. The company has a quick ratio of 0.72, a current ratio of 0.99 and a debt-to-equity ratio of 1.08.

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.