Nine Dragons Paper (OTCMKTS:NDGPY) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.15 and traded as low as $7.70. Nine Dragons Paper shares last traded at $8.04, with a volume of 2,144 shares trading hands.

Nine Dragons Paper Trading Up 0.5 %

The firm has a 50-day moving average of $8.15 and a 200 day moving average of $8.28.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of packaging 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, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.