It Tech Packaging Stock Today

ITP Stock  USD 0.24  0.02  9.09%   

Performance

3 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 37

 
High
 
Low
Below Average
IT Tech is selling at 0.24 as of the 30th of November 2024; that is 9.09 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.22. IT Tech has about a 37 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for IT Tech Packaging are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain
Materials
IPO Date
1st of October 2007
Category
Basic Materials
IT Tech Packaging, Inc., through its subsidiaries, engages in the production and distribution of paper products in the Peoples Republic of China. IT Tech Packaging, Inc. was founded in 1996 and is headquartered in Baoding, the Peoples Republic of China. The company has 10.07 M outstanding shares of which 3.53 K shares are currently shorted by investors with about 0.03 days to cover. More on IT Tech Packaging

Moving together with ITP Stock

  0.7MERC Mercer InternationalPairCorr

Moving against ITP Stock

  0.36WS Worthington SteelPairCorr

ITP Stock Highlights

ChairmanZhenyong Liu
Thematic IdeaBusiness Supplies (View all Themes)
Old NameIntertape Polymer Group Inc.
Business ConcentrationPaper & Forest Products, Paper & Paper Products, Basic Materials, Business Supplies, Materials, Paper & Forest Products, Paper & Paper Products, Basic Materials (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.840.4444
Way Up
Slightly volatile
Gross Profit Margin0.0110.0116
Notably Down
Slightly volatile
Net DebtM8.5 M
Notably Down
Slightly volatile
Total Current Liabilities21.9 M21.4 M
Fairly Up
Very volatile
Non Current Liabilities Total9.7 MM
Way Up
Pretty Stable
Total Assets172.1 M194.7 M
Fairly Down
Slightly volatile
Total Current Assets25.7 M28.4 M
Moderately Down
Slightly volatile
Debt Levels
IT Tech can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand IT Tech's financial leverage. It provides some insight into what part of IT Tech's total assets is financed by creditors.
Liquidity
IT Tech Packaging has 12.39 M in debt with debt to equity (D/E) ratio of 0.08, which may show that the company is not taking advantage of profits from borrowing. IT Tech Packaging has a current ratio of 2.74, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for ITP to invest in growth at high rates of return.

Total Cash From Financing Activities

4.35 Million
IT Tech Packaging (ITP) is traded on NYSE MKT Exchange in USA. It is located in Science Park, Baoding, China, 072550 and employs 383 people. IT Tech is listed under Paper & Forest Products category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a total capitalization of 2.32 M. IT Tech Packaging runs under Paper & Forest Products sector within Materials industry. The entity has 10.07 M outstanding shares of which 3.53 K shares are currently shorted by investors with about 0.03 days to cover. IT Tech Packaging has about 9.52 M in cash with 12.87 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.45, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check IT Tech Probability Of Bankruptcy
Ownership Allocation
IT Tech owns 5.38 % of its outstanding shares held by insiders and 3.74 % owned by institutions.
Check ITP Ownership Details

IT Tech Historical Income Statement

At this time, IT Tech's Interest Expense is relatively stable compared to the past year. As of 11/30/2024, Other Operating Expenses is likely to grow to about 103.7 M, while EBITDA is likely to drop slightly above 5.3 M. View More Fundamentals

ITP Stock Against Markets

IT Tech Corporate Directors

Wenbing WangIndependent DirectorProfile
Marco KuIndependent DirectorProfile
Lusha NiuIndependent DirectorProfile
Fuzeng LiuDirectorProfile

Additional Tools for ITP Stock Analysis

When running IT Tech's price analysis, check to measure IT Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.