IT Tech Packaging Inc. (AMEX:ITP) went up by 6.23% from its latest closing price compared to the recent 1-year high of $1.39. The company’s stock price has collected 23.21% of gains in the last five trading sessions. Press Release reported on 11/23/20 that IT Tech Packaging, Inc. Provides Updates on Its Biomass Cogeneration Project
Is It Worth Investing in IT Tech Packaging Inc. (AMEX :ITP) Right Now?
Plus, the 36-month beta value for ITP is at 0.38. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for IT Tech Packaging Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $5.00. ITP currently public float of 23.10M and currently shorts hold a 2.45% ratio of that float. Today, the average trading volume of ITP was 2.41M shares.
ITP’s Market Performance
ITP stocks went up by 23.21% for the week, with a monthly jump of 3.31% and a quarterly performance of 33.31%, while its annual performance rate touched -26.73%. The volatility ratio for the week stands at 10.12% while the volatility levels for the past 30 days are set at 7.64% for IT Tech Packaging Inc.. The simple moving average for the period of the last 20 days is 10.70% for ITP stocks with a simple moving average of 20.43% for the last 200 days.
ITP Trading at 6.29% from the 50-Day Moving Average
After a stumble in the market that brought ITP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.09% of loss for the given period.
Volatility was left at 7.64%, however, over the last 30 days, the volatility rate increased by 10.12%, as shares surge +7.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.01% lower at present.
During the last 5 trading sessions, ITP rose by +23.21%, which changed the moving average for the period of 200-days by +16.22% in comparison to the 20-day moving average, which settled at $0.6166. In addition, IT Tech Packaging Inc. saw 22.17% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ITP
Current profitability levels for the company are sitting at:
- +3.31 for the present operating margin
- +11.63 for the gross margin
The net margin for IT Tech Packaging Inc. stands at +1.89. The total capital return value is set at 2.09, while invested capital returns managed to touch 1.28. Equity return is now at value -1.10, with -0.90 for asset returns.
Based on IT Tech Packaging Inc. (ITP), the company’s capital structure generated 9.12 points at debt to equity in total, while total debt to capital is 8.36. Total debt to assets is 7.96, with long-term debt to equity ratio resting at 4.44. Finally, the long-term debt to capital ratio is 4.07.
When we switch over and look at the enterprise to sales, we see a ratio of 0.26, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 12.20 and the total asset turnover is 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.