Nine Dragons Paper (OTCMKTS:NDGPY) Shares Gap Down – What’s Next?

Nine Dragons Paper (OTCMKTS:NDGPY) gapped down before the market opened on Wednesday . The stock had previously closed at $18.49, but opened at $15.50. Nine Dragons Paper shares last traded at $15.50, with a volume of 201 shares trading 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 business’s 50 day moving average price is $18.04 and its 200-day moving average price is $17.84.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a Hong Kong-based paper manufacturing company specializing in packaging paper and related products. Its principal products include containerboard, corrugating medium, coated duplex board, recycled pulp, and other paper and pulp products used in shipping, consumer goods packaging, printing, and industrial applications.

The company operates an integrated production model that includes the collection and use of recovered paper and other recycled fiber as raw materials.