Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Here’s Why

Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down before the market opened on Monday . The stock had previously closed at $11.73, but opened at $11.25. Nihon Kohden shares last traded at $11.25, with a volume of 188 shares trading hands.

Nihon Kohden Stock Down 0.9%

The company has a market cap of $1.99 billion, a price-to-earnings ratio of 21.52 and a beta of 0.40. The business has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $12.23.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter. Nihon Kohden had a return on equity of 6.74% and a net margin of 5.77%.The business had revenue of $346.24 million for the quarter.

Nihon Kohden Company Profile

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.