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

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped up prior to trading on Thursday . The stock had previously closed at $9.40, but opened at $9.6125. Nihon Kohden shares last traded at $9.3175, with a volume of 26,240 shares.

Analyst Ratings Changes

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

Nihon Kohden Stock Down 2.7%

The firm has a 50 day moving average price of $10.95 and a 200 day moving average price of $11.16. The stock has a market cap of $1.58 billion, a PE ratio of 18.18 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 earnings per share 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.