Do Traders Think IT Tech Packaging Inc (ITP) Can Keep Climbing Thursday?

The market has been high on IT Tech Packaging Inc (ITP) stock recently. ITP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

IT Tech Packaging Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ITP!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ITP Stock Today?

IT Tech Packaging Inc (ITP) stock has fallen -4.35% while the S&P 500 has gained 0.62% as of 10:50 AM on Thursday, Apr 21. ITP has fallen -$0.01 from the previous closing price of $0.30 on volume of 702,791 shares. Over the past year the S&P 500 has gained 8.52% while ITP has fallen -40.82%. ITP earned $0.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.9. To see InvestorsObserver's Sentiment Score for IT Tech Packaging Inc click here.

More About IT Tech Packaging Inc

IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper which produces offset printing paper and corrugating medium paper; and Baoding Shengde which produces digital photo paper. Click Here to get the full Stock Report for IT Tech Packaging Inc stock.