IT Tech Packaging (NYSE:ITP) Trading Down 0.6% – Here’s What Happened

IT Tech Packaging, Inc. (NYSE:ITP)’s share price dropped 0.6% during trading on Wednesday . The company traded as low as $0.2312 and last traded at $0.2330. Approximately 130,596 shares traded hands during trading, a decline of 19% from the average daily volume of 162,174 shares. The stock had previously closed at $0.2344.

IT Tech Packaging Trading Down 0.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 1.31. The business has a 50-day simple moving average of $0.24 and a two-hundred day simple moving average of $0.23. The stock has a market cap of $3.95 million, a price-to-earnings ratio of -0.24 and a beta of -0.55.

About IT Tech Packaging

IT Tech Packaging, Inc (NYSE: ITP) is a global manufacturer of all-aluminum rigid packaging solutions, primarily serving the beauty, personal care, food and industrial markets. The company’s offering includes decorative and functional canisters, aerosol containers, tubes and closures that leverage corrosion-resistant, lightweight aluminum. By combining sheet-metal forming processes with proprietary printing and finishing technologies, IT Tech Packaging delivers premium packaging designed to meet both aesthetic and performance requirements.

Founded in the early 1990s and headquartered in the United States, IT Tech Packaging operates a network of production facilities across North America, Europe and Asia.