IT Tech Packaging Inc (AMEX: ITP) is -72.75% 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 $0.35 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $0.16, the stock is -39.89% and -42.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.81 million and changing -53.70% at the moment leaves the stock -42.77% off its SMA200. ITP registered -30.52% loss for a year compared to 6-month gain of -32.69%.
The stock witnessed a -34.44% loss in the last 1 month and extending the period to 3 months gives it a -49.29%, and is -35.80% 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 87.02% over the week and 27.88% over the month.
IT Tech Packaging Inc (ITP) has around 383 employees, a market worth around $1.65M and $79.87M in sales. Profit margin for the company is -12.02%. Distance from 52-week low is -16.63% and -84.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.22%).
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IT Tech Packaging Inc (ITP) Top Institutional Holders
The shares outstanding are 10.07M, and float is at 9.52M with Short Float at 0.43%.
IT Tech Packaging Inc (ITP) Insider Activity
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