Nippon Paint (OTCMKTS:NPCPF) Hits New 12-Month High – Should You Buy?

Shares of Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.27 and last traded at $6.27, with a volume of 18200 shares changing hands. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Nippon Paint to a “hold” rating in a research note on Friday, August 16th.

Nippon Paint Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.44 and a current ratio of 1.81. The company’s fifty day moving average price is $3.65 and its 200 day moving average price is $3.65. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 10.57 and a beta of 0.84.

Nippon Paint Company Profile

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.