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

Shares of Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $6.61, but opened at $7.95. Nippon Paint shares last traded at $7.95, with a volume of 241 shares traded.

Nippon Paint Price Performance

The company has a quick ratio of 1.77, a current ratio of 2.15 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $6.69 and its two-hundred day simple moving average is $6.60. The company has a market capitalization of $18.51 billion and a price-to-earnings ratio of 14.20.

Nippon Paint (OTCMKTS:NPCPF – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $3.35 billion for the quarter. Nippon Paint had a return on equity of 10.65% and a net margin of 10.22%.

Nippon Paint Company Profile

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Nippon Paint Holdings Co, Ltd. is a Japan-based coatings manufacturer that develops, produces and sells paints and surface-treatment products for residential, commercial, industrial and infrastructure applications. The company’s offerings include decorative paints, automotive coatings, industrial coatings, protective coatings and marine coatings, as well as related products and services.

Through its operating companies and brands, Nippon Paint serves customers across Japan and international markets, particularly throughout Asia.

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