IT Tech Packaging (NYSE:ITP) Shares Up 8.1%

Shares of IT Tech Packaging, Inc. (NYSE:ITP) traded up 8.1% during mid-day trading on Wednesday . The stock traded as high as $0.25 and last traded at $0.24. 144,351 shares traded hands during mid-day trading, an increase of 177% from the average session volume of 52,075 shares. The stock had previously closed at $0.23.

IT Tech Packaging Stock Up 8.1 %

The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $0.24 and its 200 day simple moving average is $0.25. The firm has a market cap of $2.46 million, a P/E ratio of -0.22 and a beta of -0.17.

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

About IT Tech Packaging

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.