RY 172.54 -0.45% SHOP 154.05 0.6929% TD 76.45 -0.1045% ENB 61.59 0.9507% BN 82.38 -0.2905% TRI 232.15 0.5762% CNQ 45.12 1.6674% CP 106.18 2.0177% CNR 147.02 0.7193% BMO 139.7 0.1075% BNS 77.12 -0.0907% CSU 4453.8501 0.2011% CM 90.52 -0.4509% MFC 44.04 -0.2717% ATD 79.0 -0.9032% NGT 55.77 4.204% TRP 67.89 1.3435% SU 52.035 1.413% WCN 246.9 0.1217% L 190.01 0.444%
IT Tech Packaging Inc
Company Overview: IT Tech Packaging Inc (NYSE: ITP) is a holding company with operations primarily conducted by its subsidiaries and through contractual arrangements with Hebei Baoding Dongfang Paper Milling Company Limited, a People’s Republic of China company, the variable interest entity, or VIE, based in China. IT Tech Packaging operates its business in China through its PRC subsidiaries, namely Baoding Shengde Paper Co., Ltd., a People’s Republic of China company ('Baoding Shengde') and QianrongQianhui Hebei Technology Co., Ltd., a People’s Republic of China company ('Qianrong') (together with Baoding Shengde, the 'PRC Subsidiaries'), and Dongfang Paper, which is referred to as the VIE in this annual report.
As per our previous US Daily Report published on ‘ITP’ on 31st December 2024, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 0.29 based on “decent fundamentals, other key financial highlights, the upside indicated by valuation and key risks” and the stock price has now moved by ~106.89% since then and attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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