Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Here’s Why

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.90, but opened at $11.4275. Nihon Kohden shares last traded at $11.4275, with a volume of 379 shares.

Nihon Kohden Stock Performance

The stock has a 50-day moving average price of $10.75 and a 200-day moving average price of $11.47. The stock has a market cap of $1.96 billion, a P/E ratio of 15.67 and a beta of 0.41.

Nihon Kohden (OTCMKTS:NHNKY) last announced its earnings results on Monday, November 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $394.01 million during the quarter. Nihon Kohden had a net margin of 7.78% and a return on equity of 9.28%.

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.