Nihon Kohden (OTCMKTS:NHNKY) Shares Down 5.4% – Time to Sell?

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares dropped 5.4% on Wednesday . The company traded as low as $10.01 and last traded at $10.3350. Approximately 1,424 shares changed hands during trading, a decline of 76% from the average daily volume of 6,048 shares. The stock had previously closed at $10.92.

Nihon Kohden Price Performance

The stock has a market cap of $1.85 billion, a P/E ratio of 20.06 and a beta of 0.40. The business’s 50 day simple moving average is $11.81 and its 200 day simple moving average is $11.90.

Nihon Kohden (OTCMKTS:NHNKY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.18 earnings per share (EPS) for the quarter. Nihon Kohden had a net margin of 5.77% and a return on equity of 6.74%. The firm had revenue of $394.01 million for the quarter.

Nihon Kohden Company Profile

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.