Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – Here’s What Happened

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $10.0250, but opened at $10.50. Nihon Kohden shares last traded at $10.50, with a volume of 1,110 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut 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, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nihon Kohden Price Performance

The company has a current ratio of 3.98, a quick ratio of 2.64 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.76 billion, a PE ratio of 19.09 and a beta of 0.36. The stock’s 50-day moving average is $9.64 and its two-hundred day moving average is $9.36.

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