Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Time to Sell?

Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped down prior to trading on Tuesday . The stock had previously closed at $9.9425, but opened at $9.43. Nihon Kohden shares last traded at $9.45, with a volume of 33,384 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Nihon Kohden Price Performance

The company has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.83. The company has a market cap of $1.58 billion, a PE ratio of 18.08 and a beta of 0.46.

Nihon Kohden (OTCMKTS:NHNKY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.16 EPS for the quarter. The firm had revenue of $362.86 million for the quarter. Nihon Kohden had a return on equity of 7.25% and a net margin of 5.32%.

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.