Nippon Paint (OTCMKTS:NPCPF) Shares Down 3.4% – Here’s Why

Shares of Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $3.65 and last traded at $3.96. Approximately 33,757 shares changed hands during trading, The stock had previously closed at $4.10.

Nippon Paint Price Performance

The firm has a 50 day moving average price of $3.70 and a 200 day moving average price of $3.61. The stock has a market capitalization of $9.30 billion, a PE ratio of 11.00 and a beta of 0.84. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44.

Nippon Paint (OTCMKTS:NPCPF) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.08 EPS for the quarter. Nippon Paint had a return on equity of 8.43% and a net margin of 7.77%. The business had revenue of $2.73 billion during the quarter.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.