Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – Time to Buy?

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.05, but opened at $10.85. Nihon Kohden shares last traded at $10.85, with a volume of 177 shares.

Analysts Set New Price Targets

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

Nihon Kohden Stock Up 2.3%

The firm’s 50 day moving average is $9.55 and its 200-day moving average is $9.37. The firm has a market cap of $1.72 billion, a PE ratio of 18.61 and a beta of 0.36. The company has a quick ratio of 2.46, a current ratio of 3.98 and a debt-to-equity ratio of 0.12.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Nihon Kohden had a return on equity of 9.17% and a net margin of 5.90%.The business had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $299.98 million. As a group, equities research analysts expect that Nihon Kohden Corporation will post 0.6 earnings per share for the current fiscal year.

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 focuses on technologies used to monitor, diagnose and support patients across hospitals and other healthcare settings.

Its product portfolio includes patient monitoring systems, electrocardiographs, electroencephalographs, defibrillators, automated external defibrillators, ventilators and other critical-care equipment.