Nine Dragons Paper (OTCMKTS:NDGPY) Trading Down 10%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY)’s stock price fell 10% during trading on Monday . The company traded as low as $7.96 and last traded at $8.12. 1,168 shares were traded during trading, an increase of 7% from the average session volume of 1,093 shares. The stock had previously closed at $9.03.

Nine Dragons Paper Stock Performance

The stock’s 50-day moving average is $9.64 and its 200 day moving average is $8.99.

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.