Let’s start up with the current stock price of IT Tech Packaging Inc. (ITP), which is $0.76 to be very precise. The Stock rose vividly during the last session to $0.74 after opening rate of $0.63 while the lowest price it went was recorded $0.63 before closing at $0.68.
Recently in News on January 12, 2021, IT Tech Packaging, Inc. Provides Update on Single-Use Face Mask Products. IT Tech Packaging, Inc. (NYSE MKT: ITP) (“IT Tech Packaging” or “the Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced it is applying the license for its new single-use surgical masks from local food and drug administration in Hebei province amid strong market demands. The license is expected to be gained at the end of this month. At the meantime, production of its single-use face masks is now in full capacity as the number of confirmed Covid-19 cases surged again and anti-Covid-19 efforts become increasingly normalized globally. Launched in April, 2020, the single-use face mask production line produces 100,000 masks per day with an estimated gross margin of roughly 40%. 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 $0.8800 on 01/12/21, 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 -26.73%
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 -45.40% during the 52-week period from high price, and 94.12% 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 9262558 for the day, which was evidently higher, 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 22.17%, having the revenues showcasing 33.31% 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 19.55M, as it employees total of 428 workers.
Market experts do have their say about 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 Barchart.com, the moving average of the company in the 100-day period was set at 0.5741, with a change in the price was noted +0.2879. In a similar fashion, IT Tech Packaging Inc. posted a movement of +63.68% for the period of last 100 days, recording 1,673,696 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.
Technical breakdown of IT Tech Packaging Inc. (ITP)
Raw Stochastic average of IT Tech Packaging Inc. in the period of last 50 days is set at 59.64%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.00%. In the last 20 days, the company’s Stochastic %K was 62.13% and its Stochastic %D was recorded 57.00%.
Bearing in mind the latest performance of IT Tech Packaging Inc., several 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 22.17%. Additionally, trading for the stock in the period of the last six months notably improved by 18.61%, alongside a downfall of -26.73% for the period of the last 12 months. The shares increased approximately by 23.21% in the 7-day charts and went up by 3.31% in the period of the last 30 days. Common stock shares were driven by 33.31% during last recorded quarter.