IT Tech Packaging Inc [AMEX: ITP] traded at a high on Friday, posting a 60.90 gain after which it closed the day’ session at $0.44.
The results of the trading session contributed to over 245358454 shares changing hands. Over the past one week, the price volatility of IT Tech Packaging Inc stands at 62.67% while the volatility over the past one month is 22.53%.
The market cap for ITP stock reached $4.39 million, with 10.07 million shares outstanding and 9.52 million shares in the current float. Compared to the average trading volume of 379.44K shares, ITP reached a trading volume of 245358454 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 0.08, with the Price to Sales ratio for ITP stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.03, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for ITP in the course of the last twelve months was 1.53 with Quick ratio for the last quarter at 0.99.
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 64.60. With this latest performance, ITP shares gained by 72.41% in over the last four-week period, additionally plugging by 83.35% over the last 6 months – not to mention a rise of 84.87% 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 75.67, with the RSI for the last a single of trading hit 82.98, and the three-weeks RSI is set at 69.34 for IT Tech Packaging Inc [ITP]. The present Moving Average for the last 50 days of trading for this stock 0.2888, while it was recorded at 0.2987 for the last single week of trading, and 0.2862 for the last 200 days.
IT Tech Packaging Inc [ITP]: Deeper insight into the fundamentals
IT Tech Packaging Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 1.41.
