Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Time to Sell?

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down prior to trading 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 shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Nihon Kohden currently has an average rating of “Strong Buy”.

Nihon Kohden Trading Down 2.0%

The business’s 50-day simple moving average is $11.30 and its 200 day simple moving average is $11.33. The company has a market capitalization of $1.72 billion, a P/E ratio of 19.78 and a beta of 0.39.

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