During the last session, IT Tech Packaging, Inc. (NYSE:ITP)’s traded shares were 3,140,000,000, with the beta value of the company hitting 0.29. At the end of the trading day, the stock’s price was $0.64, reflecting an intraday loss of -0.46% or -$0.01. The 52-week high for the ITP share is $1.45, that puts it down -126.56% from that peak though still a striking +39.06% gain since the share price plummeted to a 52-week low of $0.39. The company’s market capitalization is $73.28 Million, and the average intraday trading volume over the past 10 days was 5.14 Million shares, and the average trade volume was 14.16 Million shares over the past three months.

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IT Tech Packaging, Inc. (ITP) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 0. ITP has a Sell rating from none of the analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.

IT Tech Packaging, Inc. (NYSE:ITP): Trading Information

IT Tech Packaging, Inc. (ITP) registered a -0.46% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.03% in intraday trading to $0.725 this Wednesday, Apr 07, hitting a weekly high. The stock’s 5-day price performance is 0.78%, and it has moved by 2.25% in 30 days. Based on these gigs, the overall price performance for the year is 15.9%. The short interest in IT Tech Packaging, Inc. (NYSE:ITP) is 4.87 Million shares and it means that shorts have 0.34 day(s) to cover.

The consensus price target of analysts on Wall Street is $5, which implies an increase of 681.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, ITP is trading at a discount of 681.25% off the target high and 681.25% off the low.

IT Tech Packaging, Inc. (ITP) projections and forecasts

An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -18.8%. While earnings are projected to return -307.9% in 2021, the next five years will return 20% per annum.

IT Tech Packaging, Inc. (NYSE:ITP)’s Biggest Investors

IT Tech Packaging, Inc. insiders own 4.77% of total outstanding shares while institutional holders control 0.83%, with the float percentage being 0.87%. Renaissance Technologies, LLC is the largest shareholder of the company, while 7 institutions own stock in it. As of Dec 30, 2020, the company held over 548.25 Thousand shares (or 0.48% of all shares), a total value of $305.1 Thousand in shares.

The next largest institutional holding, with 156.42 Thousand shares, is of HRT Financial LLC’s that is approximately 0.14% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $87.05 Thousand.

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