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

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped up before the market opened on Monday . The stock had previously closed at $9.19, but opened at $9.73. Nihon Kohden shares last traded at $9.73, with a volume of 446 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Nihon Kohden to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Nihon Kohden Stock Up 1.6%

The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.71 and a beta of 0.39. The business’s 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $9.85.

Nihon Kohden (OTCMKTS:NHNKY) last posted its earnings results on Thursday, May 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. Nihon Kohden had a net margin of 6.08% and a return on equity of 9.46%. The company had revenue of $453.10 million during the quarter, compared to the consensus estimate of $414.40 million. Analysts predict that Nihon Kohden Corporation will post 0.6 earnings per share for the current year.

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.