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

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.8520, but opened at $11.3750. Nihon Kohden shares last traded at $11.37, with a volume of 1,149 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Nihon Kohden presently has a consensus rating of “Strong Buy”.

Nihon Kohden Stock Performance

The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 15.62 and a beta of 0.41. The company has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $11.43.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.18 earnings per share (EPS) for the quarter. Nihon Kohden had a return on equity of 9.28% and a net margin of 7.78%.The company had revenue of $394.01 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.