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Meeting and exceeding analyst predictions: IT Tech Packaging Inc. (ITP)

At the end of the latest market close, IT Tech Packaging Inc. (ITP) was valued at $0.97. In that particular session, Stock kicked-off at the price of $0.99 while reaching the peak value of $1.15 and lowest value recorded on the day was $0.93. The stock current value is $1.10.Recently in News on July 7, 2022, IT Tech Packaging, Inc. Announces Effectiveness of Reverse Stock Split. 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, announced today that, its 1-for-10  reverse stock split (the “Reverse Stock Split”), which the Company previously disclosed was approved by the Board of Directors on June 27, 2022 is effective as of 5:00PM EST today on July 7, 2022 (the “Effective Date”), and will be reflected in the marketplace at market open on July 8, 2022. You can read further details here

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 $5.1200 on 05/05/22, with the lowest value was $0.8600 for the same time period, recorded on 07/15/22.

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IT Tech Packaging Inc. (ITP) full year performance was -75.10%

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 -81.64% during the 52-week period from high price, and 27.91% 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 $0.86 and $5.99.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 817627 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 -52.17%, having the revenues showcasing -77.55% 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 11.11M, as it employees total of 366 workers.

Specialists analysis 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 Barchart.com, the moving average of the company in the 100-day period was set at 1.9940, with a change in the price was noted -1.05. In a similar fashion, IT Tech Packaging Inc. posted a movement of -48.79% for the period of last 100 days, recording 485,484 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 0.08 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.

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

Raw Stochastic average of IT Tech Packaging Inc. in the period of last 50 days is set at 18.11%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 54.67%. In the last 20 days, the company’s Stochastic %K was 31.69% and its Stochastic %D was recorded 26.00%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -52.17%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -45.11%, alongside a downfall of -75.10% for the period of the last 12 months. The shares increased approximately by 10.00% in the 7-day charts and went up by -9.39% in the period of the last 30 days. Common stock shares were lifted by -77.55% during last recorded quarter.

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