We Analyzed the Future Direction of IT Tech Packaging Inc. (ITP), Here is What We Found – News Heater
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We Analyzed the Future Direction of IT Tech Packaging Inc. (ITP), Here is What We Found

IT Tech Packaging Inc. (AMEX:ITP) went down by -9.49% from its latest closing price compared to the recent 1-year high of $0.60. The company’s stock price has collected -7.92% of loss in the last five trading sessions.

Is It Worth Investing in IT Tech Packaging Inc. (AMEX :ITP) Right Now?

IT Tech Packaging Inc. (AMEX:ITP) scored a price-to-earnings ratio above its average ratio, recording 3.32 x from its present earnings ratio. Plus, the 36-month beta value for ITP is at -0.37.

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ITP currently public float of 93.63M and currently shorts hold a 2.03% ratio of that float. Today, the average trading volume of ITP was 6.33M shares.

ITP’s Market Performance

ITP stocks went down by -7.92% for the week, with a monthly jump of 1.79% and a quarterly performance of -35.14%, while its annual performance rate touched -64.20%. The volatility ratio for the week stands at 10.54% while the volatility levels for the past 30 days are set at 12.01% for IT Tech Packaging Inc. The simple moving average for the period of the last 20 days is -4.35% for ITP stocks with a simple moving average of -42.74% for the last 200 days.

ITP Trading at -34.12% 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 -73.41% of loss for the given period.

Volatility was left at 12.01%, however, over the last 30 days, the volatility rate increased by 10.54%, as shares surge +6.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.04% lower at present.

During the last 5 trading sessions, ITP fell by -7.92%, which changed the moving average for the period of 200-days by -63.03% in comparison to the 20-day moving average, which settled at $0.1670. In addition, IT Tech Packaging Inc. saw -30.74% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ITP

Equity return is now at value 1.30, with 1.20 for asset returns.