Nihon Kohden Corporation (OTCMKTS:NHNKY – Get Free Report)’s stock price gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $8.71, but opened at $9.3125. Nihon Kohden shares last traded at $9.3075, with a volume of 1,426 shares.
The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.28. The company had revenue of $453.10 million during the quarter, compared to the consensus estimate of $414.40 million. Nihon Kohden had a return on equity of 7.25% and a net margin of 5.32%.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Nihon Kohden to a “hold” rating in a research report on Monday, April 27th. UBS Group raised shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nihon Kohden currently has an average rating of “Buy”.
Nihon Kohden Stock Performance
The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 18.24 and a beta of 0.41. The business’s 50-day moving average is $9.46 and its 200-day moving average is $10.51.
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.
Read More
- Five stocks we like better than Nihon Kohden
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
- 3 AI Data Center Stocks Worth Watching for Capital Rotation
- McDonald’s Is the Cheapest It’s Been in Years—Does That Make It a Buy?
- Karman: Defense Darling’s Outlook Strengthens After 40% Drop
Receive News & Ratings for Nihon Kohden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nihon Kohden and related companies with MarketBeat.com's FREE daily email newsletter.
