Nihon Kohden (OTCMKTS:NHNKY) Trading Down 5.5% – Here’s What Happened

Nihon Kohden Corporation (OTCMKTS:NHNKY) dropped 5.5% during trading on Tuesday . The stock traded as low as $11.07 and last traded at $12.52. Approximately 870 shares changed hands during trading, a decline of 85% from the average daily volume of 5,613 shares. The stock had previously closed at $13.25.

Nihon Kohden Stock Down 6.6%

The company’s 50-day moving average is $12.15 and its two-hundred day moving average is $13.51. The company has a market capitalization of $2.12 billion, a P/E ratio of 22.10 and a beta of 0.37.

Nihon Kohden (OTCMKTS:NHNKY) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter. Nihon Kohden had a net margin of 6.23% and a return on equity of 7.20%. The firm had revenue of $439.11 million for the quarter.

About Nihon Kohden

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.