Internet Tech Packaging (ITP, Financial) experienced a notable increase in its stock price by 6.02%. The stock is currently trading at $0.264 per share, with a trading volume of 37,990 shares and a turnover rate of 0.38%.
Recent financial reports indicate that the company achieved a revenue of $26.25 million, with a net loss of $77,747, resulting in an earnings per share (EPS) of -$0.01. The gross profit stood at $3.27 million, and the price-to-earnings (P/E) ratio was -0.26.
No institutional ratings have been issued for Internet Tech Packaging, indicating a lack of buy, hold, or sell recommendations at this time.
In the paper products industry, where Internet Tech Packaging operates, the overall growth rate was 0.23%. Among its peers, Internet Tech Packaging, PH Glatfelter, and Sylvamo Corporation showed significant gains. Internet Tech Packaging had a turnover rate of 0.38%, with a price volatility of 6.02%. Other active stocks included Clearwater Paper, PH Glatfelter, and Sylvamo Corporation. Notably, Internet Tech Packaging, Mercer International, and Sylvamo Corporation exhibited high volatility rates of 7.63%, 3.77%, and 3.11%, respectively.
Internet Tech Packaging is a Chinese company engaged in paper manufacturing. The company produces and distributes three categories of paper products: packaging paper, offset printing paper, and tissue products. Additionally, it manufactures digital photo paper. Its business is divided into three segments: Orient Paper and Tengsheng Paper, which produce offset paper, corrugating medium paper, and tissue paper, and Baoding Shengde, which produces masks and digital photo paper.
