IT Tech Packaging Inc (AMEX: ITP) is -13.87% lower on its value in year-to-date trading and has touched a low of $0.20 and a high of $1.07 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 $0.67 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $0.52, the stock is 82.30% and 99.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -22.69% at the moment leaves the stock 107.69% off its SMA200. ITP registered 72.67% gain for a year compared to 6-month loss of 123.08%. The firm has a 50-day simple moving average (SMA 50) of $0.2592 and a 200-day simple moving average (SMA200) of $0.2495.
The stock witnessed a 125.22% gain in the last 1 month and extending the period to 3 months gives it a 91.85%, and is 84.67% up 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 48.39% over the week and 20.21% over the month.
IT Tech Packaging Inc (ITP) has around 383 employees, a market worth around $4.03M and $79.16M in sales. Profit margin for the company is -12.36%. Distance from 52-week low is 163.48% and -51.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.78%).
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IT Tech Packaging Inc (ITP) Top Institutional Holders
8.0 institutions hold shares in IT Tech Packaging Inc (ITP), with institutional investors hold 3.96% of the company’s shares. The shares outstanding are 10.07M, and float is at 9.52M with Short Float at 0.11%. Institutions hold 3.74% of the Float.
IT Tech Packaging Inc (ITP) Insider Activity
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