Nippon Paint (OTCMKTS:NPCPF) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Nippon Paint (OTCMKTS:NPCPF) from a strong-buy rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “Nippon Paint Holdings Co. Ltd. manufactures and sells paints and coatings primarily in Japan, Asia, North America, Europe and internationally. It offers automotive coatings, industrial coatings, trade-use paints as well as marine coatings. Nippon Paint Holdings Co. Ltd. is headquartered in Osaka, Japan. “

Shares of Nippon Paint stock remained flat at $$38.94 during trading on Tuesday. Nippon Paint has a fifty-two week low of $31.00 and a fifty-two week high of $40.65. The stock has a 50 day moving average of $38.94 and a two-hundred day moving average of $38.94.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. manufactures and sells various paints and coatings in Japan, Asia, North America, Europe, and internationally. The company offers automotive coatings, such as paints for use in bumpers and plastic components; trade-use paints for homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior building materials, office equipment, and household electrical appliances.

See Also: Book Value Per Share – BVPS

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