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IT Tech Packaging Inc. [ITP] is -15.76% lower this YTD. Is it still time to buy?


Edison Baldwin
December 8, 2020
Misty Lee
March 18, 2021
IT Tech Packaging Inc. [AMEX: ITP] surged by $0.05 during the normal trading session on Monday and reaching a high of $0.47 during the day while it closed the day at $0.47. The company report on July 6, 2021 that IT Tech Packaging, Inc. Announces Its Tissue Paper R&D Center Receives Level B Scale-Above Certification as An Industrial R&D Enterprise Institution.
IT Tech Packaging, Inc. (NYSE American: ITP) (“ITP” or “the Company”), a leading manufacturer and distributor of diversified paper products in North China, announced that the Company’s tissue paper research and development center has received a Level B scale-above Certification as an industrial R&D enterprise institution in Hebei province after on-site inspection by regulators. ITP has also been granted six new utility patent certificates on paper manufacturing related equipments by the State Intellectual Property Offic ....

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IT Tech Packaging, Inc. Announces First Quarter 2021 Unaudited Financial Results


  pp represents percentage points
Revenue increased by 176.9% to $24.21 million, primarily attributable to increase in sales volume of CMP and offset printing paper, as well as the increase in Average Selling Prices ( ASPs ) of CMP and tissue paper products.
Gross profit was $1.83 million, compared to gross loss of $0.17 million for the same period of last year. Gross margin was 7.5%, compared to gross loss margin of 1.9% for the same period of last year.
Loss from operations was $0.72 million, compared to the loss from operations of $2.87 million for the same period of last year.
Net loss was $4.34 million, or loss per share of $0.12, compared to net loss of $2.44 million, or loss per share of $0.11, for the same period of last year. ....

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