Nihon Kohden (OTCMKTS:NHNKY) Shares Cross Below Two Hundred Day Moving Average on Disappointing Earnings

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares passed below its 200-day moving average during trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock has a 200-day moving average of $9.77 and traded as low as $9.26. Nihon Kohden shares last traded at $9.40, with a volume of 5,998 shares.

The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). Nihon Kohden had a net margin of 5.90% and a return on equity of 9.17%.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Nihon Kohden from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

Nihon Kohden Price Performance

The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $9.77. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 17.09 and a beta of 0.42.

About Nihon Kohden

Nihon Kohden Corporation is a Japanese medical technology company that develops, manufactures and sells electronic medical equipment and related services. Founded in 1951, the company is headquartered in Tokyo, Japan. Its products include patient monitors, electrocardiographs, defibrillators and other equipment used in emergency and critical care. Nihon Kohden also makes diagnostic systems for areas such as neurology and hematology, along with medical information systems and services that support clinical workflows.