Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – What’s Next?

Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.9425, but opened at $9.43. Nihon Kohden shares last traded at $9.45, with a volume of 33,384 shares.

Wall Street Analyst Weigh In

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

Nihon Kohden Trading Down 5.1%

The firm has a fifty day moving average price of $10.12 and a 200 day moving average price of $10.86. The firm has a market cap of $1.61 billion, a PE ratio of 18.51 and a beta of 0.46.

Nihon Kohden (OTCMKTS:NHNKY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.16 EPS for the quarter. Nihon Kohden had a return on equity of 7.25% and a net margin of 5.32%.The business had revenue of $362.86 million for the quarter.

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.