Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Here’s Why

Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down before the market opened on Tuesday. The stock had previously closed at $10.28, but opened at $9.80. Nihon Kohden shares last traded at $9.80, with a volume of 113 shares.

Wall Street Analyst Weigh In

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

Nihon Kohden Stock Down 1.6%

The firm has a 50 day moving average of $9.66 and a 200 day moving average of $9.36. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 18.31 and a beta of 0.36. The company has a quick ratio of 2.64, 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 (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.09). The business had revenue of $297.47 million during the quarter, compared to analyst estimates of $299.98 million. Nihon Kohden had a net margin of 5.90% and a return on equity of 9.17%. As a group, sell-side analysts predict that Nihon Kohden Corporation will post 0.6 earnings per share 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.