Nippon Paint (OTCMKTS:NPCPF) Shares Gap Up – Here’s Why

Shares of Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) gapped up before the market opened on Monday . The stock had previously closed at $6.00, but opened at $7.0520. Nippon Paint shares last traded at $7.0520, with a volume of 100 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Nippon Paint to a “hold” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nippon Paint Stock Performance

The stock’s 50 day moving average is $6.33 and its two-hundred day moving average is $5.39. The firm has a market capitalization of $16.42 billion, a P/E ratio of 12.59 and a beta of 0.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 1.56.

Nippon Paint (OTCMKTS:NPCPF) last issued its earnings results on Friday, May 15th. The company reported $0.14 EPS for the quarter. The company had revenue of $3.13 billion during the quarter. Nippon Paint had a net margin of 10.53% and a return on equity of 11.27%. As a group, equities analysts anticipate that Nippon Paint Holdings Co., Ltd. will post 0.55 earnings per share for the current fiscal year.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. is a leading global manufacturer of paints and coatings, with roots tracing back to its founding in 1881 in Osaka, Japan. The company develops, produces, and markets a broad portfolio of decorative paints for residential and commercial applications, as well as high-performance industrial coatings tailored to automotive, marine, aerospace, protective, and general industrial markets. Its product lines include emulsions, primers, topcoats, powder coatings, and specialty formulations designed to meet stringent performance and environmental standards.

Through a network of subsidiaries, joint ventures, and strategic alliances, Nippon Paint serves customers across Asia, Europe, North America, and other emerging markets.