The 36-month beta value for ITP is at -0.17. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ITP is 9.52M, and currently, shorts hold a 1.29% of that float. The average trading volume for ITP on September 30, 2024 was 61.19K shares.
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ITP) stock’s latest price update
The stock of IT Tech Packaging Inc (AMEX: ITP) has decreased by -12.63 when compared to last closing price of 0.28. prnewswire.com reported 2024-09-09 that BAODING, China, Sept. 9, 2024 /PRNewswire/ — 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, today announced that it has filed a definitive proxy statement for its 2024 annual meeting of stockholders and expects to hold its 2024 annual meeting of stockholders on October 31, 2024 (local time) at its production base in Wei County, Hebei Province, China.
ITP’s Market Performance
IT Tech Packaging Inc (ITP) has seen a 0.00% fall in stock performance for the week, with a 8.26% gain in the past month and a 6.36% surge in the past quarter. The volatility ratio for the week is 12.01%, and the volatility levels for the past 30 days are at 8.46% for ITP. The simple moving average for the past 20 days is 2.90% for ITP’s stock, with a -2.26% simple moving average for the past 200 days.
ITP Trading at 4.60% 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 -42.09% of loss for the given period.
Volatility was left at 8.46%, however, over the last 30 days, the volatility rate increased by 12.01%, as shares surge +7.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.62% upper at present.
During the last 5 trading sessions, ITP remain unchanged, which changed the moving average for the period of 200-days by -18.60% in comparison to the 20-day moving average, which settled at $0.2428. In addition, IT Tech Packaging Inc saw -19.65% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ITP
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.05 for the gross margin
The net margin for IT Tech Packaging Inc stands at -0.13. The total capital return value is set at -0.05. Equity return is now at value -5.85, with -5.04 for asset returns.
Based on IT Tech Packaging Inc (ITP), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 251.64.
Currently, EBITDA for the company is 6.15 million with net debt to EBITDA at -7.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 4.08for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In conclusion, IT Tech Packaging Inc (ITP) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
