Nippon Paint (OTCMKTS:NPCPF) Stock Price Down 5.4% – Time to Sell?

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) shares dropped 5.4% during trading on Monday . The company traded as low as $6.61 and last traded at $6.61. Approximately 201 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,103 shares. The stock had previously closed at $6.99.

Wall Street Analysts Forecast Growth

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

Nippon Paint Stock Down 5.4%

The stock has a market capitalization of $15.39 billion, a P/E ratio of 11.80 and a beta of 0.04. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $5.76.

Nippon Paint (OTCMKTS:NPCPF) last released its earnings results on Friday, May 15th. The company reported $0.14 earnings per share 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, research analysts predict that Nippon Paint Holdings Co., Ltd. will post 0.55 EPS 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.