Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down Following Weak Earnings

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $9.61, but opened at $9.1050. Nihon Kohden shares last traded at $9.1050, with a volume of 117 shares traded.

The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 6.08% and a return on equity of 9.46%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Nihon Kohden to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Nihon Kohden Stock Down 5.3%

The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.43 and a beta of 0.37. The company has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.76.

About Nihon Kohden

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.