The stock of IT Tech Packaging Inc. (AMEX:ITP) traded at $0.37, up 2.81 percent on Monday. The last five days have seen an average of 1,959,637 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.1815. The average number of shares traded over the last 20 days was 1,883,064, while the average volume over the last 50 days totaled 1,666,886.
ITP stock dropped -6.76% since last month. On 10/14/21, the company’s shares reached a one-month low of $0.3300. The stock touched a high of $1.45 on 02/17/21, after rallying from a low of $0.33 in 52 weeks. The price of ITP stock has declined by -35.33% or -$0.1815 this year, reaching a new high 13 times. Still, the stock price is down -74.48% from the 52-week high.
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The PE ratio of IT Tech Packaging Inc. has varied between 21.30 and 1.896 in the last five years. Beta for the stock is 0.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 0.08.
For the recent quarter, IT Tech Packaging Inc.’s quick ratio was 3.00, while its current ratio was 3.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.03, and the total debt to equity ratio is 0.08. As far as profitability goes, gross margin for the trailing twelve months is 6.00% percent. IT Tech Packaging Inc.’s EBITDA margin for the recent year was 10.24%, whereas its operating margin stood at -1.30% for the same period. Based on annual data, it had gross profit of $5.7 million and revenue of $100.94 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ITP’s return on assets (ROA) during the last 12 months has been -3.20%. There was a -2.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.70%. ROE has averaged 3.03 in the past year for the broader industry.
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $46.53 million, while revenues rose by 100.0% to $1.21 billion. EBITDA was $4.5 million for the quarter. At the end of IT Tech Packaging Inc.’s most recent quarter, its liabilities totaled 31.38 million, while its total debt was $16.41 million. Equity owned by shareholders amounts to $99.05 million.
Here’s a quick look at IT Tech Packaging Inc.’s (ITP) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 54.75%, suggesting the stock is Neutral, with a 47.32% historical volatility rate.
The stochastic %K and %D were 68.53% and 63.29% respectively, while the average true range (ATR) was 0.0206. Based on the 14-day stochastic reading of 81.82%, the RSI (14) reading is 50.42%. On the 9-day MACD Oscillator, the stock is at 0.0070.
Analysts have assigned IT Tech Packaging Inc. (ITP) an Hold rating. ITP is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
The current consensus forecast for the stock is between $5.00 and $5.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for IT Tech Packaging Inc. (ITP) is $5.00.
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