Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Should You Sell?

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.36, but opened at $10.80. Nihon Kohden shares last traded at $11.08, with a volume of 918 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Nihon Kohden Stock Down 1.8%

The company has a fifty day moving average of $10.97 and a two-hundred day moving average of $11.40. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 15.27 and a beta of 0.37.

Nihon Kohden (OTCMKTS:NHNKY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.18 EPS for the quarter. Nihon Kohden had a net margin of 7.78% and a return on equity of 9.28%. The company had revenue of $394.01 million during the quarter.

Nihon Kohden Company Profile

Nihon Kohden Corporation is a Tokyo-based manufacturer of medical electronic equipment, founded in 1951. The company has built a reputation for innovation in patient monitoring and diagnostic systems, developing one of Japan’s earliest electrocardiogram (ECG) machines and pioneering transistor-based oscilloscopes for clinical use. Over the decades, Nihon Kohden has expanded its product portfolio to address a wide range of healthcare needs, from emergency response to intensive care and neurology.

The company’s core offerings include patient monitors, ECG and electroencephalograph (EEG) devices, defibrillators, infusion pumps, and neuromonitoring systems.