Nihon Kohden (OTCMKTS:NHNKY – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06), Zacks reports. Nihon Kohden had a net margin of 5.90% and a return on equity of 9.17%.
Nihon Kohden Stock Down 7.1%
OTCMKTS NHNKY traded down $0.71 on Tuesday, hitting $9.38. 2,196 shares of the stock traded hands, compared to its average volume of 21,798. The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $10.06 and a 200 day moving average of $9.78. Nihon Kohden has a twelve month low of $8.12 and a twelve month high of $13.61. The company has a market capitalization of $1.58 billion, a P/E ratio of 17.05 and a beta of 0.42.
Wall Street Analysts Forecast Growth
Separately, UBS Group downgraded 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 data from MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Report on Nihon Kohden
Nihon Kohden Company Profile
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.
The company serves healthcare providers in Japan and international markets through its overseas subsidiaries and distribution network.
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