Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 62,391 shares changed hands during trading, an increase of 118% from the previous session’s volume of 28,598 shares.The stock last traded at $8.6550 and had previously closed at $8.54.
Analyst Ratings Changes
Separately, Zacks Research upgraded Nihon Kohden to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.
Read Our Latest Analysis on NHNKY
Nihon Kohden Stock Performance
Nihon Kohden (OTCMKTS:NHNKY – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Nihon Kohden had a return on equity of 9.46% and a net margin of 6.08%.The business had revenue of $453.10 million for the quarter, compared to the consensus estimate of $414.40 million. Research analysts forecast that Nihon Kohden Corporation will post 0.6 EPS for the current year.
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.
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