IT Tech Packaging Inc. [ITP] moved down 0.00: Why It’s Important

IT Tech Packaging Inc. [AMEX: ITP] traded at a low on 08/03/21, posting a 0.00 loss after which it closed the day’ session at $0.44. The company report on August 3, 2021 that IT Tech Packaging, Inc. to Announce Financial Results for Second Quarter Fiscal Year 2021 on August 10, 2021.

Company to Host Earnings Conference Call on Wednesday, August 11, 2021, at 8:00 am ET.

IT Tech Packaging, Inc. (NYSE American: ITP) (“IT Tech Packaging” or the “Company”), a leading manufacturer and distributor of diversified paper products in North China, announced that the Company anticipates filing its 2021 second quarter report on Form 10-Q with the Securities and Exchange Commission and releasing its earnings before the market opens on Tuesday, August 10, 2021. The Company will host a conference call to discuss its second quarter 2021 financial results at 8:00 am Eastern Time (8:00 PM Beijing/Hong Kong Time) on Wednesday, August 11, 2021.

The results of the trading session contributed to over 5187365 shares changing hands. Over the past one week, the price volatility of IT Tech Packaging Inc. stands at 11.32% while the volatility over the past one month is 7.90%.

The market cap for ITP stock reached $40.64 million, with 99.05 million shares outstanding and 93.63 million shares in the current float. Compared to the average trading volume of 4.37M shares, ITP reached a trading volume of 5187365 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about IT Tech Packaging Inc. [ITP]?

The Average True Range (ATR) for IT Tech Packaging Inc. is set at 0.03, with the Price to Sales ratio for ITP stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 0.41.

How has ITP stock performed recently?

IT Tech Packaging Inc. [ITP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.03. With this latest performance, ITP shares dropped by -6.00% in over the last four-week period, additionally sinking by -47.78% over the last 6 months – not to mention a drop of -9.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ITP stock in for the last two-week period is set at 50.75, with the RSI for the last a single of trading hit 55.59, and the three-weeks RSI is set at 47.99 for IT Tech Packaging Inc. [ITP]. The present Moving Average for the last 50 days of trading for this stock 0.4594, while it was recorded at 0.4259 for the last single week of trading, and 0.6290 for the last 200 days.

IT Tech Packaging Inc. [ITP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and IT Tech Packaging Inc. [ITP] shares currently have an operating margin of -5.40 and a Gross Margin at +5.65. IT Tech Packaging Inc.’s Net Margin is presently recorded at -5.50.

Return on Total Capital for ITP is now -2.93, given the latest momentum, and Return on Invested Capital for the company is -3.14. Return on Equity for this stock declined to -3.26, with Return on Assets sitting at -2.85. When it comes to the capital structure of this company, IT Tech Packaging Inc. [ITP] has a Total Debt to Total Equity ratio set at 9.46. Additionally, ITP Total Debt to Total Capital is recorded at 8.64, with Total Debt to Total Assets ending up at 8.29. Long-Term Debt to Equity for the company is recorded at 2.83, with the Long-Term Debt to Total Capital now at 2.58.

Reflecting on the efficiency of the workforce at the company, IT Tech Packaging Inc. [ITP] managed to generate an average of -$16,679 per employee. Receivables Turnover for the company is 10.63 with a Total Asset Turnover recorded at a value of 0.52.IT Tech Packaging Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 3.00.

Earnings analysis for IT Tech Packaging Inc. [ITP]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IT Tech Packaging Inc. go to 20.00%.

Insider trade positions for IT Tech Packaging Inc. [ITP]

There are presently around $1 million, or 2.50% of ITP stock, in the hands of institutional investors. The top three institutional holders of ITP stocks are: VIRTU FINANCIAL LLC with ownership of 543,293, which is approximately New of the company’s market cap and around 5.47% of the total institutional ownership; TWO SIGMA SECURITIES, LLC, holding 451,667 shares of the stock with an approximate value of $0.2 million in ITP stocks shares; and CITADEL ADVISORS LLC, currently with $0.18 million in ITP stock with ownership of nearly 3885.558% of the company’s market capitalization.

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Positions in IT Tech Packaging Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 10 institutional holders increased their position in IT Tech Packaging Inc. [AMEX:ITP] by around 2,078,538 shares. Additionally, 4 investors decreased positions by around 615,520 shares, while 4 investors held positions by with 247,244 shares. The mentioned changes placed institutional holdings at 2,446,814 shares, according to the latest SEC report filing. ITP stock had 7 new institutional investments in for a total of 1,306,270 shares, while 4 institutional investors sold positions of 615,520 shares during the same period.

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