IT Tech Packaging Inc (AMEX: ITP) is -18.78% lower on its value in year-to-date trading and has touched a low of $0.15 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 $0.19 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.19, the stock is -4.05% and -11.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -0.89% at the moment leaves the stock -32.20% off its SMA200. ITP registered -68.64% loss for a year compared to 6-month loss of -63.59%. The firm has a 50-day simple moving average (SMA 50) of $0.2136 and a 200-day simple moving average (SMA200) of $0.2786.
The stock witnessed a -8.00% gain in the last 1 month and extending the period to 3 months gives it a -19.95%, and is -1.77% 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 5.83% over the week and 7.80% over the month.
IT Tech Packaging Inc (ITP) has around 383 employees, a market worth around $3.20M and $79.87M in sales. Profit margin for the company is -12.02%. Distance from 52-week low is 24.90% and -82.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.22%).
9.0 institutions hold shares in IT Tech Packaging Inc (ITP), with institutional investors hold 3.36% of the company’s shares. The shares outstanding are 16.97M, and float is at 16.05M with Short Float at 3.38%. Institutions hold 3.25% of the Float.
