Nihon Kohden (OTCMKTS:NHNKY) Trading Up 4% – What’s Next?

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s stock price rose 4% during mid-day trading on Friday . The stock traded as high as $9.94 and last traded at $9.78. Approximately 797 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 29,036 shares. The stock had previously closed at $9.40.

Analyst Ratings Changes

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

Nihon Kohden Stock Up 2.0%

The business’s 50 day moving average is $10.99 and its 200-day moving average is $11.18. The firm has a market capitalization of $1.66 billion, a P/E ratio of 19.06 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 (EPS) for the quarter. Nihon Kohden had a return on equity of 7.25% and a net margin of 5.32%.The company had revenue of $362.86 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.