Nippon Paint (OTCMKTS:NPCPF) Upgraded by Citigroup to “Hold”

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

Nippon Paint Price Performance

Shares of OTCMKTS NPCPF opened at $2.86 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $3.84. Nippon Paint has a 1-year low of $5.91 and a 1-year high of $6.25. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 7.73 and a beta of 0.84.

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

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.