Orient Paper Inc(NYSEMKT:ONP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.14.
Orient Paper Inc (ONP) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -1.94% at a volume of 18,476. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.1196. The peak price level was also seen at $1.1196 while the days lowest was $0.99. Finally the shares closed at $1.01. The 52-week high of the shares is $1.54 while the 52-week low is $0.9326. According to the latest information available, the market cap of the company is $22 M.
Orient Paper Inc. is a holding company engaged in the manufacture of paper. The Company is engaged in the production and distribution of three categories of paper products: corrugating medium paper offset printing paper and digital photo paper. Corrugating medium paper (CMP) is used in the manufacturing of cardboard. The Company has two corrugating medium paper production lines PM6 and PM1. Offset printing paper is used for offset printing in the publishing industry. The Company has two production lines PM2 and PM3 for the production of offset printing paper. The Company through its wholly owned subsidiary Shengde Holdings Inc. controls and operates Baoding Shengde Paper Co. Ltd. (Orient Paper Shengde). It conducts digital photo paper business operations under Orient Paper Shengde. The Company has two photo paper coating lines PM4 and PM5 which produce digital photo paper products. As of December 31 2014 The Company had six PM production lines in operation.