IT Tech Packaging Inc (AMEX: ITP) is -30.16% 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 $0.42 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.42, the stock is 17.70% and 48.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 0.05% at the moment leaves the stock 64.55% off its SMA200. ITP registered 59.09% gain for a year compared to 6-month loss of 74.93%. The firm has a 50-day simple moving average (SMA 50) of $0.28 and a 200-day simple moving average (SMA200) of $0.25455.
The stock witnessed a 97.18% gain in the last 1 month and extending the period to 3 months gives it a 39.53%, and is -0.28% 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 16.53% over the week and 22.10% over the month.
IT Tech Packaging Inc (ITP) has around 383 employees, a market worth around $4.23M and $79.16M in sales. Profit margin for the company is -12.36%. Distance from 52-week low is 113.63% and -60.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.78%).
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 4.51%. Institutions hold 3.74% of the Float.
