Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Should You Sell?

Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.92, but opened at $11.40. Nihon Kohden shares last traded at $11.40, with a volume of 196 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Nihon Kohden Stock Performance

The company’s 50 day simple moving average is $10.78 and its 200-day simple moving average is $11.42. The firm has a market capitalization of $1.99 billion, a PE ratio of 15.93 and a beta of 0.41.

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

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.