Shares of IT Tech Packaging Inc. (ITP) Have Fallen Below Previous 52-Week Low
IT Tech Packaging Inc. (NYSE American:ITP) traded today at a new 52-week low of $0.38. Approximately 6.1 million shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper which produces offset printing paper and corrugating medium paper; and Baoding Shengde which produces digital photo paper.
IT Tech Packaging Inc. share prices have moved between a 52-week high of $1.45 and the current low of $0.38 and are currently at $0.41 per share.
Based on a current price of $0.41, IT Tech Packaging Inc. is currently 5.1% above its average consensus analyst price target of $0.39.
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