Nippon Paint (OTCMKTS:NPCPF) Upgraded at Citigroup

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

Nippon Paint Price Performance

Shares of OTCMKTS:NPCPF opened at $2.86 on Friday. The business’s 50 day moving average is $3.68 and its 200 day moving average is $3.84. The stock has a market cap of $6.72 billion, a P/E ratio of 7.73 and a beta of 0.84. Nippon Paint has a 52-week low of $5.91 and a 52-week high of $6.25. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.42.

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

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.