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Nine Dragons Paper (OTCMKTS:NDGPY) upgraded to Hold by Zacks Investment Research

By on May 17, 2022 0

Paper Nine Dragons (OTCMKTS: NDGPYGet a rating) has been upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Nine Dragons Paper Holdings Limited is a producer of containerboard products primarily in China and Asia. The Group primarily manufactures and markets linerboard, high performance corrugated board and coated duplex board. It also produces and sells recycled printing and writing paper and special paper. Nine Dragons Paper Holdings Limited is based in Kwun Tong, Hong Kong. “

OTCMKTS NDGPY opened at $17.59 on Tuesday. The stock’s fifty-day moving average price is $17.66 and its 200-day moving average price is $20.55. Nine Dragons Paper has a 1-year low of $17.20 and a 1-year high of $33.04.

About Nine Dragons Paper (Get a rating)

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, manufactures and sells wrapping paper, recycled printing and writing paper, and specialty paper and pulp products in the People’s Republic of China. The company offers linerboard products, including kraft, test, whiteface and coated board; medium-sized corrugated cardboard products; corrugated cardboard products; cardboard products; corrugated iron products; and coated duplex panels.

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