Nine Dragons Paper (OTCMKTS:NDGPY) Lowered to “Hold” at Zacks Investment Research

Nine Dragons Paper (OTCMKTS:NDGPY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, December 7th.

According to Zacks, “Nine Dragons Paper Holdings Limited is a container board product producer primarily in China and Asia. The Group primarily manufactures and sells linerboard, high performance corrugating medium and coated duplex board. It also produces and sells recycled printing and writing paper and specialty paper. Nine Dragons Paper Holdings Limited is based in Kwun Tong, Hong Kong. “

Nine Dragons Paper (OTCMKTS:NDGPY) remained flat at $$33.00 during mid-day trading on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. Nine Dragons Paper has a 52 week low of $22.61 and a 52 week high of $43.62.

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Nine Dragons Paper Company Profile

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, manufactures and sells packaging paper, recycled printing and writing paper, pulp, and specialty paper products in the People’s Republic of China. It offers linerboard products, including kraftlinerboard, testlinerboard, white top linerboard, and coated linerboard products, as well as high performance corrugating medium and coated duplex board products.

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