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

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped up prior to trading on Tuesday . The stock had previously closed at $11.31, but opened at $13.61. Nihon Kohden shares last traded at $11.8775, with a volume of 56,346 shares trading hands.

Nihon Kohden Trading Up 2.5%

The firm’s fifty day moving average is $10.76 and its 200 day moving average is $11.47. The company has a market cap of $2.03 billion, a PE ratio of 16.30 and a beta of 0.41.

Nihon Kohden (OTCMKTS:NHNKY) last posted its earnings results on Monday, November 10th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $394.01 million for the quarter. Nihon Kohden had a net margin of 7.78% and a return on equity of 9.28%.

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.