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

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down before the market opened on Monday . The stock had previously closed at $11.29, but opened at $10.52. Nihon Kohden shares last traded at $12.0050, with a volume of 6,853 shares.

Wall Street Analyst Weigh In

Separately, UBS Group raised Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Nihon Kohden presently has a consensus rating of “Strong Buy”.

Nihon Kohden Stock Performance

The stock’s 50 day moving average is $11.29 and its two-hundred day moving average is $11.33. The stock has a market capitalization of $2.14 billion, a PE ratio of 24.51 and a beta of 0.39.

Nihon Kohden (OTCMKTS:NHNKY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.16 EPS for the quarter. Nihon Kohden had a net margin of 5.32% and a return on equity of 7.25%. The company had revenue of $362.86 million during the quarter.

About Nihon Kohden

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.