IT Tech Packaging (NYSE:ITP) Stock Price Up 2.3%

IT Tech Packaging, Inc. (NYSE:ITP) shares shot up 2.3% during trading on Tuesday . The stock traded as high as $0.25 and last traded at $0.24. 3,262 shares traded hands during trading, a decline of 92% from the average session volume of 40,771 shares. The stock had previously closed at $0.23.

IT Tech Packaging Price Performance

The stock has a market capitalization of $2.37 million, a price-to-earnings ratio of -0.24 and a beta of -0.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 1.32. The company has a 50 day moving average of $0.28 and a 200 day moving average of $0.29.

IT Tech Packaging (NYSE:ITP) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.40) earnings per share (EPS) for the quarter. IT Tech Packaging had a negative return on equity of 5.76% and a negative net margin of 11.49%. The firm had revenue of $20.96 million during the quarter.

IT Tech Packaging Company Profile

IT Tech Packaging, Inc, through its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies. The company also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand.