Nihon Kohden Corporation (OTCMKTS:NHNKY – Get Free Report) gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $9.61, but opened at $9.1050. Nihon Kohden shares last traded at $9.1050, with a volume of 117 shares traded.
The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Nihon Kohden had a net margin of 6.08% and a return on equity of 9.46%. The company had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $299.98 million.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Nihon Kohden to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Nihon Kohden presently has a consensus rating of “Buy”.
Nihon Kohden Trading Down 5.3%
The stock has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $9.76. The company has a market capitalization of $1.53 billion, a PE ratio of 15.43 and a beta of 0.37.
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.
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