Nippon Paint (OTCMKTS:NPCPF) Lifted to “Hold” at Citigroup

Citigroup upgraded shares of Nippon Paint (OTCMKTS:NPCPF) to a hold rating in a report released on Friday, Zacks.com reports.

Nippon Paint Stock Performance

Shares of NPCPF stock opened at $2.86 on Friday. The business’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 1.32. Nippon Paint has a one year low of $5.91 and a one year high of $6.25. The stock has a market capitalization of $6.72 billion, a PE ratio of 7.73 and a beta of 0.84.

Nippon Paint (OTCMKTS:NPCPF) last released its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $2.78 billion for the quarter. Nippon Paint had a net margin of 8.27% and a return on equity of 8.84%.

About Nippon Paint

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.