Nippon Paint (OTCMKTS:NPCPF) Sets New 52-Week High – Time to Buy?

Shares of Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) reached a new 52-week high during 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.

Wall Street Analyst Weigh In

Separately, Citigroup raised Nippon Paint to a “hold” rating in a report on Friday, August 16th.

Nippon Paint Stock Performance

The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 10.57 and a beta of 0.84. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $3.65 and its 200-day moving average is $3.65.

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.