Nippon Paint (OTCMKTS:NPCPF) Shares Down 45.6% – Here’s Why

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) shares dropped 45.6% during mid-day trading on Thursday . The stock traded as low as $3.3350 and last traded at $3.3350. Approximately 53 shares traded hands during trading, a decline of 98% from the average daily volume of 2,381 shares. The stock had previously closed at $6.13.

Nippon Paint Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $3.79 and a two-hundred day moving average of $3.90.

Nippon Paint (OTCMKTS:NPCPF) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.14 EPS for the quarter. Nippon Paint had a net margin of 9.46% and a return on equity of 10.44%. The business had revenue of $3.16 billion during the quarter.

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.