Internet Technology Packaging (ITP, Financial) experienced a significant stock movement with a 7.19% increase. The stock is currently priced at $0.450 per share, with a trading volume of 481,950 shares and a turnover rate of 4.79%. The stock's amplitude stands at 4.55%.
Recent financial reports reveal that ITP achieved a revenue of $25.08 million, but faced a net loss of $1.97 million, translating to an earnings per share of -$0.20. The gross profit was reported at $1.92 million, and the price-to-earnings ratio is -0.45. No institutional ratings are available for buy, hold, or sell recommendations at this time.
Within the paper products industry, where ITP operates, the overall growth is stable. Notable performers include Sylvamo Corporation and Clearwater Paper, alongside ITP, which have shown significant price increases. ITP and Clearwater Paper have been particularly active, with turnover rates of 4.79% and 1.79%, respectively. Stocks with high amplitude include Magnera Corporation and ITP, with amplitudes of 5.81% and 4.55% respectively.
Internet Technology Packaging is a Chinese holding company engaged in paper manufacturing. It produces and distributes various paper products, including packaging paper, offset printing paper, and tissue products. The company also manufactures digital photo paper, operating through divisions such as Orient Paper, Tengsheng Paper, and Baoding Shengde.
