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

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) shares gapped up before the market opened on Monday . The stock had previously closed at $6.00, but opened at $7.0520. Nippon Paint shares last traded at $7.0520, with a volume of 100 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nippon Paint to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nippon Paint Stock Performance

The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 12.59 and a beta of 0.06. The company has a fifty day moving average of $6.37 and a two-hundred day moving average of $5.40. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.63.

Nippon Paint (OTCMKTS:NPCPF) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.14 earnings per share (EPS) for the quarter. Nippon Paint had a net margin of 10.53% and a return on equity of 11.27%. The business had revenue of $3.13 billion for the quarter. On average, research analysts expect that Nippon Paint Holdings Co., Ltd. will post 0.55 EPS for the current year.

Nippon Paint Company Profile

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.