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

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $8.72, but opened at $8.2910. Nihon Kohden shares last traded at $8.38, with a volume of 7,415 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Nihon Kohden to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Nihon Kohden Stock Performance

The stock has a market cap of $1.45 billion, a PE ratio of 14.37 and a beta of 0.39. The stock’s 50-day moving average is $9.26 and its two-hundred day moving average is $10.18.

Nihon Kohden (OTCMKTS:NHNKY) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The firm had revenue of $453.10 million during the quarter, compared to analysts’ expectations of $414.40 million. Nihon Kohden had a net margin of 6.08% and a return on equity of 9.48%. Analysts forecast that Nihon Kohden Corporation will post 0.61 EPS for the current year.

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.