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IT Tech Packaging Inc. (ITP) Analysis & Opinions from Experts

IT Tech Packaging Inc. (AMEX: ITP) is -56.09% lower on its value in year-to-date trading and has touched a low of $0.86 and a high of $5.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ITP stock was last observed hovering at around $0.91 in the last trading session, with the day’s gains setting it 0.1%.

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Currently trading at $1.01, the stock is -17.43% and -37.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 10.99% at the moment leaves the stock -59.64% off its SMA200. ITP registered -77.05% loss for a year compared to 6-month loss of -53.97%. The firm has a 50-day simple moving average (SMA 50) of $0.06 and a 200-day simple moving average (SMA200) of $0.41.

The stock witnessed a -42.61% gain in the last 1 month and extending the period to 3 months gives it a -58.69%, and is -1.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.84% over the week and 9.99% over the month.

IT Tech Packaging Inc. (ITP) has around 366 employees, a market worth around $10.10M and $152.20M in sales. Current P/E ratio is 2.12. Profit margin for the company is 1.80%. Distance from 52-week low is 17.44% and -83.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.70%).

IT Tech Packaging Inc. (ITP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for IT Tech Packaging Inc. (ITP) is a “Hold”. 1 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

IT Tech Packaging Inc. is expected to release its quarterly report on 11/10/2022.The EPS is expected to grow by 107.20% this year.

IT Tech Packaging Inc. (ITP) Top Institutional Holders

The shares outstanding are 9.90M, and float is at 9.36M with Short Float at 2.71%.

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