Here is why IT Tech Packaging Inc. (ITP) recent weekly performance of 17.93% shouldn’t bother you at All

For the readers interested in the stock health of IT Tech Packaging Inc. (ITP). It is currently valued at $0.65. When the transactions were called off in the previous session, Stock hit the highs of $0.67, after setting-off with the price of $0.63. Company’s stock value dipped to $0.62 during the trading on the day. When the trading was stopped its value was $0.59.

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Recently in News on November 23, 2020, IT Tech Packaging, Inc. Provides Updates on Its Biomass Cogeneration Project. IT Tech Packaging, Inc. (NYSE American: ITP) (“IT Tech Packaging” or “the Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced that it has completed invitation for the 75 t/h biomass boiler procurement bids for its biomass cogeneration project and multiple well-known enterprises in the industry have been invited and participated the open bidding. The company is evaluating the bidding proposals and will announce the bidding result in the near future. You can read further details here

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IT Tech Packaging Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $0.6699 on 01/07/21, with the lowest value was $0.5502 for the same time period, recorded on 01/04/21.

IT Tech Packaging Inc. (ITP) full year performance was -29.27%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, IT Tech Packaging Inc. shares are logging -53.58% during the 52-week period from high price, and 65.01% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.39 and $1.39.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 867987 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the IT Tech Packaging Inc. (ITP) recorded performance in the market was 15.94%, having the revenues showcasing 31.70% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 18.07M, as it employees total of 428 workers.

Analysts verdict on IT Tech Packaging Inc. (ITP)

During the last month, 0 analysts gave the IT Tech Packaging Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on, the moving average of the company in the 100-day period was set at 0.5671, with a change in the price was noted +0.1854. In a similar fashion, IT Tech Packaging Inc. posted a movement of +40.32% for the period of last 100 days, recording 1,548,430 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ITP is recording 0.10 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.03.

IT Tech Packaging Inc. (ITP): Technical Analysis

Raw Stochastic average of IT Tech Packaging Inc. in the period of last 50 days is set at 23.04%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 57.60%. In the last 20 days, the company’s Stochastic %K was 42.20% and its Stochastic %D was recorded 29.78%.

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Let’s take a glance in the erstwhile performances of IT Tech Packaging Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 15.94%. Additionally, trading for the stock in the period of the last six months notably improved by 7.52%, alongside a downfall of -29.27% for the period of the last 12 months. The shares increased approximately by 17.93% in the 7-day charts and went up by -5.12% in the period of the last 30 days. Common stock shares were driven by 31.70% during last recorded quarter.

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