Boiling and ready to burst as IT Tech Packaging Inc. (ITP) last month performance was 2.73%

For the readers interested in the stock health of IT Tech Packaging Inc. (ITP). It is currently valued at $0.67. When the transactions were called off in the previous session, Stock hit the highs of $0.66, after setting-off with the price of $0.65. Company’s stock value dipped to $0.64 during the trading on the day. When the trading was stopped its value was $0.65.

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Recently in News on April 7, 2021, IT Tech Packaging, Inc. Announces the Receipt of Qualification for Biomass CHP Project to Supply Central Heat in Industrial Parks. IT Tech Packaging, Inc. (NYSE American: ITP) (“ITP” or “the Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced that it has obtained qualification to supply central heating in industrial parks after month-long review process for its combined heat and power generation project utilizing bio mass technology (“Biomass CHP Project”). You can read further details here


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IT Tech Packaging Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.4500 on 02/17/21, with the lowest value was $0.5422 for the same time period, recorded on 01/15/21.

IT Tech Packaging Inc. (ITP) full year performance was 8.00%

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 -54.10% during the 52-week period from high price, and 70.20% 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 $1.45.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 13217469 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 16.44%, having the revenues showcasing 17.43% 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 70.44M, as it employees total of 333 workers.

IT Tech Packaging Inc. (ITP) in the eye of market guru’s

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 0.7380, with a change in the price was noted +0.0625. In a similar fashion, IT Tech Packaging Inc. posted a movement of +10.29% for the period of last 100 days, recording 9,061,597 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 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.03.

IT Tech Packaging Inc. (ITP): Stocks Technical analysis and Trends

Raw Stochastic average of IT Tech Packaging Inc. in the period of last 50 days is set at 13.33%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.79%. In the last 20 days, the company’s Stochastic %K was 33.84% and its Stochastic %D was recorded 42.55%.

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If we look into the earlier routines 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 16.44%. Additionally, trading for the stock in the period of the last six months notably improved by 27.96%, alongside a boost of 8.00% for the period of the last 12 months. The shares increased approximately by -0.28% in the 7-day charts and went down by 2.73% in the period of the last 30 days. Common stock shares were driven by 17.43% during last recorded quarter.

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