IT Tech Packaging (NYSE:ITP) Shares Up 3.5%

IT Tech Packaging, Inc. (NYSE:ITP) shot up 3.5% on Tuesday . The company traded as high as $0.24 and last traded at $0.24. 49,570 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 52,875 shares. The stock had previously closed at $0.23.

IT Tech Packaging Price Performance

The stock has a market capitalization of $2.40 million, a price-to-earnings ratio of -0.22 and a beta of -0.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.08 and a current ratio of 1.46. The company has a 50 day moving average of $0.24 and a 200 day moving average of $0.25.

IT Tech Packaging (NYSE:ITP) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. IT Tech Packaging had a negative return on equity of 5.87% and a negative net margin of 14.00%. The business had revenue of $26.25 million for the quarter.

IT Tech Packaging Company Profile

IT Tech Packaging, Inc, together with its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company operates through three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies.