Nippon Paint (OTCMKTS:NPCPF) Shares Down 9% - Here's Why

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF - Get Free Report)'s share price dropped 9% during mid-day trading on Wednesday . The stock traded as low as $3.50 and last traded at $3.50. Approximately 206 shares were traded during trading, The stock had previously closed at $3.85.

Nippon Paint Price Performance

The firm's fifty day simple moving average is $3.85 and its two-hundred day simple moving average is $3.63. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 10.32 and a beta of 0.84.

Nippon Paint (OTCMKTS:NPCPF - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.08 EPS for the quarter. The company had revenue of $2.73 billion for the quarter. Nippon Paint had a return on equity of 8.43% and a net margin of 7.77%.

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.