• Latest
  • Trending
IT Tech Packaging Spikes Up

IT Tech Packaging Spikes Up

February 9, 2021

PAM Transportation Services Inc $PTSI: EBITDA Growth Of 21%.

April 13, 2021

Osisko Gold Royalties Ltd $OR’s price to book value is below 1.5x .

April 13, 2021

Triumph Group Inc $TGI: Cash per share is equal to $9, and the stock price is $18.14.

April 13, 2021

MORGAN STANLEY $MS Bought Hingham Institution $HIFS: Cash per share is equal to $109, and the stock price is $285.6.

April 13, 2021

The Chairman Sold Ebix Inc $EBIX

April 13, 2021

MORGAN STANLEY $MS Invested In Winmark Corp $WINA

April 13, 2021

Form Heading

Lists*

  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Tuesday, April 13, 2021
  • Home
  • MOMENTUM STOCKS
  • EARNINGS
  • ANALYSIS
  • IPO
  • Advertising
  • Trading Alerts
  • Submit An Article And Get Paid
  • Home
  • MOMENTUM STOCKS
  • EARNINGS
  • ANALYSIS
  • IPO
  • Advertising
  • Trading Alerts
  • Submit An Article And Get Paid
No Result
View All Result
No Result
View All Result
Home ANALYSIS

IT Tech Packaging Spikes Up

Jacob Saphir by Jacob Saphir
in ANALYSIS, EARNINGS, FASHION & TRENDS, FEATURED, FeaturedNews
0
Share on FacebookShare on Twitter

In January, a few traders discovered the company and pushed the share price from $0.6 to more than $1.0.

Source: Yahoo Finance

It is difficult to say whether the market capitalization will continue to trade higher. However, with the number of COVID-19 cases in China, ITP’s current business model can generate a significant amount of stock demand. 

The financials of IT Tech Packaging are interesting. The company reports a significant amount of machinery and equipment to produce paper and face masks.

IT Tech Packaging also reports more than $8 million in cash, which could serve to launch marketing campaigns in the near future. With regards to the current amount of liabilities, I wouldn’t expect most investors to worry much: 

Besides, the company is currently organizing the sale of new equity. If the management can raise sufficient capital to produce more face masks, sales could increase in the near future. 

IT Tech Packaging, Inc. today announced the pricing of a public offering of 26,181,818 shares of common stock (the “Common Stock”) and warrants (the “Warrants”) to purchase 26,181,818 shares of Common Stock at an offering price of $0.55 per share and warrant.

Each Warrant is immediately exercisable for one share of Common Stock at an exercise price of US$0.55 per share and will expire five years from issuance. The aggregate gross proceeds of the offering are expected to be approximately US$14.4 million.

To tell a long story short, IT Tech Packaging is looking to transform its existing business model. If investors appreciate the new business idea, they may provide cash to the company. If the management is smart and finds beneficial business models, we will most likely see the share trending higher. Either you buy shares or not, IT Tech Packaging is a company to be followed carefully.

Disclosure: No Position In IT Tech Packaging. We Were Not Paid To Write The Article.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Like this:

Like Loading...

Related

Tags: ChinaHow to invest in ChinaInvest in ChinaIT Tech PackagingITP
Previous Post

Consumption Trends During Chinese New Year Will Push Dada’s Sales Up

Next Post

Face Masks Manufacturer IT Tech Trades At Only 0.5x Sales

Jacob Saphir

Jacob Saphir

Related Posts

happy ethnic woman sitting at table with laptop
ANALYSIS

Blackrock $BLK Buys A Stake In Perdoceo $PRDO

April 12, 2021
pexels-photo-3483098.jpeg
ANALYSIS

International Seaways Inc $INSW: Cash per share is equal to $6, and the stock price is $19.91.

April 9, 2021
man with namaste hands sitting on snow with hapi drum
ANALYSIS

Encore Capital Group Inc $ECPG’s price to book value is below 1.5x .

April 9, 2021
Next Post
Trading Alerts

Face Masks Manufacturer IT Tech Trades At Only 0.5x Sales

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stockmarketrevolution

© 2017 Stock Market Revolution - The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant.

Navigate Site

  • About us
  • Advertise
  • Disclaimer

Follow Us

No Result
View All Result

© 2017 Stock Market Revolution - The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: