IT Tech Packaging Inc ITP

$0.06 -0.05 (-44.83%)

Valuation

Market cap
1,042,000
Revenue TTM
$75,840,000
Net income TTM
$-9,840,000
P/E (trailing)
0.00
P/E (forward)
—
Profit margin
-12.97%
Debt to equity
0.06

Trading

Volume
1,752,900
Avg volume
296,922
Day's range
$0.04 – $0.12
Shares out
16,965,000
Stochastic %K
19%
Beta
-0.27
Analysts
—
Price target
—

Price

Company profile

IT Tech Packaging, Inc., together with its subsidiaries, produces and distributes paper products in the People's Republic of China. It operates in three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. The company offers corrugating medium papers to companies making corrugating cardboard; and offset printing papers to printing companies. It also provides tissue paper products, including toilet paper, b...

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IT Tech Packaging, Inc., together with its subsidiaries, produces and distributes paper products in the People's Republic of China. It operates in three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. The company offers corrugating medium papers to companies making corrugating cardboard; and offset printing papers to printing companies. It also provides tissue paper products, including toilet paper, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, the company produces and sells digital photo paper, non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. is headquartered in Baoding, the People's' Republic of China.

Industry
Paper & Paper Products
Sector
Basic Materials
Phone
86 31 2869 8215
Website
https://www.itpackaging.cn
Address
Science Park, Juli Road Xushui District, Baoding, China

Latest news

Stocktwits

SUPERMAN945401 Nov 11, 7:53 PM
$ITP When can we trade this stock?
1 replies
YungNDumb1 Nov 11, 7:27 PM
$ITP I'll choose to post the Investor Relations email I got from ITP last week to prevent people from making a terrible mistake selling when trading resumes. - Audited Financials expected by end of November - Market cap of only 1.05 million vs 175.7 million in assets. - Unrestricted public float will be only ~410,000 post-split; enormous potential for volatility - Authorized shares will be split 1/40 as well to 1,250,000 which is shareholder friendly - Most comparables analysis of Chinese paper companies have seen a massive turnaround this past year towards profitability or are increasingly profitable. These audited financials have the ability to send this to unchartered territory. Enjoy the email below!
0 replies
focafoca99 Nov 11, 6:12 PM
$ITP effected a 1-for-40 reverse stock split to meet NYSE American listing standards, effective Nov 20.
0 replies
TwongStocks Nov 11, 6:08 PM
$ITP 1 for 40 reverse split. Will begin trading on a split adjusted basis on Nov 23. https://www.prnewswire.com/news-releases/it-tech-packaging-inc-announces-reverse-stock-split-302936784.html "The Reverse Stock Split is primarily being effected to regain compliance with certain NYSE American continued listing standards related to the low price per share of the Company's Common Stock." Expect the H11 halt to lift after the RS is effective and ITP is no longer below $0.10.
0 replies
Genesis99 Nov 11, 6:00 PM
$ITP 1-40 stock split :-(
1 replies
SUPERMAN945401 Nov 11, 2:29 PM
$ITP When can we trade this stock again?
0 replies
416Area Nov 11, 1:01 PM
$ITP They didn't fill up the 10Q form for the period ending Sep 30th...management is very irresponsible.
2 replies
ka1954 Nov 10, 5:55 PM
$HLSQ $TOPP $ITP $KNRX
0 replies