Nihon Kohden (OTCMKTS:NHNKY) Stock Price Down 7.1% – Time to Sell?

Nihon Kohden Corporation (OTCMKTS:NHNKY) traded down 7.1% during mid-day trading on Wednesday . The company traded as low as $9.24 and last traded at $9.24. 650 shares were traded during trading, a decline of 98% from the average session volume of 32,608 shares. The stock had previously closed at $9.9425.

Analyst Upgrades and Downgrades

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

Nihon Kohden Trading Down 0.6%

The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.20 and a beta of 0.46. The firm’s 50 day simple moving average is $10.08 and its 200-day simple moving average is $10.84.

Nihon Kohden (OTCMKTS:NHNKY) last issued its earnings results on Thursday, February 5th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $362.86 million for the quarter. Nihon Kohden had a net margin of 5.32% and a return on equity of 7.25%.

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.