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

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $11.36, but opened at $10.80. Nihon Kohden shares last traded at $11.08, with a volume of 918 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Nihon Kohden presently has an average rating of “Strong Buy”.

Nihon Kohden Stock Performance

The stock’s 50-day moving average is $10.97 and its 200 day moving average is $11.40. The stock has a market capitalization of $1.91 billion, a PE ratio of 15.27 and a beta of 0.37.

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. The company 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.