Nihon Kohden (OTCMKTS:NHNKY) Stock Price Down 4.6% – Here’s What Happened

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) traded down 4.6% on Tuesday . The stock traded as low as $9.55 and last traded at $9.7850. 4,290 shares traded hands during trading, a decline of 31% from the average session volume of 6,198 shares. The stock had previously closed at $10.2550.

Nihon Kohden Stock Down 3.6%

The stock has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.79. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 18.31 and a beta of 0.40.

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

About Nihon Kohden

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.