IT Tech Packaging (ITP) Stock Price, News & Analysis

Company Overview

IT Tech Packaging, Inc., together with its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company operates through three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. It offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies. The company also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, it produces and sells non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. The company is headquartered in Baoding, the People's' Republic of China.

Key Stats

• Today's Range: $0.23 to $0.26
• 50-Day Range: $0.22 to $0.33
• 52-Week Range: $0.20 to $0.37
• Volume: 27,593 shs
• Average Volume: 105,621 shs
• Market Capitalization: $2.60 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

ITP Stock Analysis - Frequently Asked Questions

How have ITP shares performed this year?

IT Tech Packaging's stock was trading at $0.3099 at the beginning of 2024. Since then, ITP stock has decreased by 16.7% and is now trading at $0.2580.
View the best growth stocks for 2024 here.

How were IT Tech Packaging's earnings last quarter?

IT Tech Packaging, Inc. (NYSE:ITP) posted its earnings results on Monday, August, 12th. The company reported ($0.01) earnings per share for the quarter. The company earned $26.25 million during the quarter. IT Tech Packaging had a negative net margin of 14.00% and a negative trailing twelve-month return on equity of 5.87%.

When did IT Tech Packaging's stock split?

Shares of IT Tech Packaging reverse split before market open on Friday, July 8th 2022. The 1-10 reverse split was announced on Friday, July 8th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Friday, July 8th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How do I buy shares of IT Tech Packaging?

Shares of ITP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of IT Tech Packaging own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IT Tech Packaging investors own include Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), e.l.f. Beauty (ELF), Adobe (ADBE), Arista Networks (ANET) and Genius Sports (GENI).

Company Calendar

• Last Earnings: 8/12/2024
• Today: 11/02/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Converted paper & paperboard products, except containers & box
• Sub-Industry: Business Supplies
• Current Symbol: NYSE:ITP
• CUSIP: N/A
• CIK: 1358190
• Web: www.itpackaging.cn
• Phone: 863128698215
• Fax: N/A
• Employees: 370
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.98)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-9,950,000.00
• Net Margins: -14.00%
• Pretax Margin: -13.36%
• Return on Equity: -5.87%
• Return on Assets: -5.10%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 1.46
• Quick Ratio: 1.23

Sales & Book Value

• Annual Sales: $69.85 million
• Price / Sales: 0.04
• Cash Flow: $0.42 per share
• Price / Cash Flow: 0.62
• Book Value: $16.72 per share
• Price / Book: 0.02

Miscellaneous

• Outstanding Shares: 10,066,000
• Free Float: 9,533,000
• Market Cap: $2.60 million
• Optionable: Optionable
• Beta: -0.16