Kansai Paint (OTCMKTS:KSANF) Shares Down 13.2% – Here’s What Happened

Shares of Kansai Paint Co., Ltd. (OTCMKTS:KSANFGet Free Report) dropped 13.2% during mid-day trading on Monday . The stock traded as low as $13.89 and last traded at $13.89. Approximately 2,860 shares traded hands during mid-day trading, an increase of 615% from the average daily volume of 400 shares. The stock had previously closed at $16.00.

Kansai Paint Price Performance

The firm’s fifty day moving average price is $17.48 and its 200-day moving average price is $17.25.

About Kansai Paint

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Kansai Paint Co, Ltd., together with its subsidiaries, manufactures and sells paints and coatings in Japan, India, Asia, Africa, Europe, and internationally. The company offers decorative coatings for protecting exterior and interior of buildings; automotive refinish coatings for dents and scrapes; and industrial coatings that are used in agricultural machinery, special-purpose vehicles, exterior building materials, metal products, beverage cans, and precoated metals used in metallic building materials and home appliances.

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