IT Tech Packaging (NYSE:ITP) Trading Up 7.7%

Shares of IT Tech Packaging, Inc. (NYSE:ITP) were up 7.7% during mid-day trading on Wednesday . The stock traded as high as $0.25 and last traded at $0.25. Approximately 110,081 shares traded hands during mid-day trading, an increase of 93% from the average daily volume of 57,124 shares. The stock had previously closed at $0.23.

IT Tech Packaging Trading Down 9.0 %

The company has a current ratio of 1.22, a quick ratio of 1.08 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.52 million, a price-to-earnings ratio of -0.23 and a beta of -0.20. The company has a fifty day moving average of $0.24 and a 200-day moving average of $0.27.

IT Tech Packaging (NYSE:ITP) last posted its quarterly earnings data on Friday, May 10th. The company reported ($0.37) earnings per share (EPS) for the quarter. IT Tech Packaging had a negative return on equity of 6.51% and a negative net margin of 14.88%. The firm had revenue of $6.86 million during the quarter.

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.