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

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $10.28, but opened at $9.80. Nihon Kohden shares last traded at $9.80, with a volume of 113 shares.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded Nihon Kohden from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nihon Kohden Stock Down 1.6%

The stock has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.98 and a quick ratio of 2.64. The company has a market capitalization of $1.69 billion, a P/E ratio of 18.31 and a beta of 0.36.

Nihon Kohden (OTCMKTS:NHNKY) last announced its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $299.98 million. Nihon Kohden had a net margin of 5.90% and a return on equity of 9.17%. On average, research analysts predict that Nihon Kohden Corporation will post 0.6 EPS for the current fiscal year.

About Nihon Kohden

Nihon Kohden Corporation is a Japanese medical technology company that develops, manufactures and sells electronic medical equipment and related services. Founded in 1951, the company focuses on technologies used to monitor, diagnose and support patients across hospitals and other healthcare settings.

Its product portfolio includes patient monitoring systems, electrocardiographs, electroencephalographs, defibrillators, automated external defibrillators, ventilators and other critical-care equipment.