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

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.

Nippon Paint Trading Up 20.3%

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 company’s 50-day moving average is $6.69 and its 200 day moving average is $6.60. The company has a market cap of $18.51 billion and a price-to-earnings ratio of 14.20.

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

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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