On Friday, shares of IT Tech Packaging, Inc. (AMEX:ITP) marked $0.56 per share versus a previous $0.50 closing price. With having a 12.33% gain, an insight into the fundamental values of IT Tech Packaging, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. ITP showed a fall of -40.00% within its YTD performance, with highs and lows between $0.39 – $1.20 during the period of 52 weeks, compared to the simple moving average of -8.08% in the period of the last 200 days.
[bold-text]IT Tech Packaging, Inc. (ITP) Analysis[/bold-text]
The present dividend yield for ITP owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with IT Tech Packaging, Inc., the company needs to provide a healthy cash flow, currently at the value of 1.39. In addition, the growth of sales from quarter to quarter is recording -21.40%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of IT Tech Packaging, Inc. (ITP) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 0.70% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.30 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while ITP is currently recording an average of 121.88K in volumes. The volatility of the stock on monthly basis is set at 6.99%, while the weekly volatility levels are marked at 10.70%with 10.59% of gain in the last seven days.
[bold-text]What to Look for When Analyzing IT Tech Packaging, Inc. Shares?[/bold-text]
IT Tech Packaging, Inc. (ITP) is based in the China and it represents one of the well-known company operating with Basic Materials sector. If you wish to compare ITP shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 10.64 for IT Tech Packaging, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 0.05 is supported by the yearly EPS growth of 120.70%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 19.04%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 2.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in ITP Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in ITP in the recent period. That is how Renaissance Technologies LLC now has an increase position in ITP by 176.22% in the first quarter, owning 314060 shares of ITP stocks, with the value of $154203 after the purchase of an additional 200,360 shares during the last quarter. In the meanwhile, Bridgeway Capital Management, Inc also increased their stake in ITP shares changed — in the first quarter, which means that the company now owns 147000 shares of company, all valued at $72177 after the acquisition of additional 147,000 shares during the last quarter.
HRT Financial LLC acquired a new position in IT Tech Packaging, Inc. during the first quarter, with the value of $25541, and UBS Securities LLC increased their stake in the company’s shares by 477.71% in the first quarter, now owning 29,408 shares valued at $17462 after the acquisition of the additional 35564 shares during the last quarter. In the end, Citadel Advisors LLC increased their position by — during the first quarter, now owning 11369 ITP shares, now holding the value of $5582 in ITP with the purchase of the additional 11,369 shares during the period of the last quarter. At the present, 2.00% of ITP shares are in the ownership of institutional investors.