Nihon Kohden (OTCMKTS:NHNKY) Announces Earnings Results

Nihon Kohden (OTCMKTS:NHNKY) announced its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06), Zacks reports. Nihon Kohden had a net margin of 5.21% and a return on equity of 8.16%. The firm had revenue of $351.68 million during the quarter, compared to analysts’ expectations of $352.12 million.

Nihon Kohden Trading Up 0.2%

NHNKY opened at $9.42 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.64 and a current ratio of 3.98. The stock’s 50 day moving average price is $10.07 and its 200-day moving average price is $9.76. Nihon Kohden has a one year low of $8.12 and a one year high of $13.61. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 19.63 and a beta of 0.42.

Wall Street Analyst Weigh In

Separately, UBS Group cut shares of Nihon Kohden from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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 is headquartered in Tokyo, Japan. Its products include patient monitors, electrocardiographs, defibrillators and other equipment used in emergency and critical care. Nihon Kohden also makes diagnostic systems for areas such as neurology and hematology, along with medical information systems and services that support clinical workflows.