IT Tech Packaging Inc T.ITP

Primary Symbol: ITP

Forest Products Paper & Paper Products

IT Tech Packaging, Inc., formerly Orient Paper, Inc. is a holding company for the Hebei Baoding Orient Paper Milling Company Limited (Orient Paper HB), a producer and distributor of paper products in China. The Company is engaged in production and distribution of four categories of paper products: corrugating medium paper (CMP), offset printing paper, digital photo paper and tissue paper products. The Company, through Baoding Shengde Paper Co., Ltd. (Orient Paper Shengde), is engaged in production and distribution of digital photo paper. The Company operates through two segments: Orient Paper HB, which produces printing paper and CMP, and Orient Paper Shengde, which produces digital photo paper. CMP is used in the manufacturing of cardboard. The Company has over two corrugating medium paper production lines, including PM6 and PM1. The Company also produces finished tissue paper products that are marketed and sold under the Orient Paper brand.

NYSEAM:ITP - Post by User

IT Tech Packaging Inc > Short opportunity?

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Post by CSIFailon May 06, 2019 10:16am

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Post# 29714395

Short opportunity?

Seems if earnings miss this stock is easily headed back into the $16's. Looks like a good opportunity to load up on PUTs. 200 week chart looks pretty horrible. Company misses more often than beats. I'd say a drop below $18 is the short term death knell. Not sure which way this will swing on earnings but definitely would not feel comfortable holding this long.

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