Nihon Kohden (OTCMKTS:NHNKY) Issues Earnings Results

Nihon Kohden (OTCMKTS:NHNKY) posted its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06), Zacks reports. Nihon Kohden had a net margin of 5.90% and a return on equity of 9.17%.

Nihon Kohden Stock Performance

Shares of NHNKY stock traded down $0.71 during trading on Tuesday, reaching $9.38. The company had a trading volume of 2,196 shares, compared to its average volume of 21,798. The firm’s 50 day simple moving average is $10.06 and its two-hundred day simple moving average is $9.78. Nihon Kohden has a one year low of $8.12 and a one year high of $13.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.98 and a quick ratio of 2.64. The company has a market capitalization of $1.58 billion, a PE ratio of 17.05 and a beta of 0.42.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded 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, Nihon Kohden presently has a consensus rating of “Hold”.

Nihon Kohden Company Profile

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 is headquartered in Tokyo, Japan.

Its products include patient monitors, electrocardiographs, defibrillators and other equipment used in emergency and critical care. Nihon Kohden also makes diagnostic systems for areas such as neurology and hematology, along with medical information systems and services that support clinical workflows.

The company serves healthcare providers in Japan and international markets through its overseas subsidiaries and distribution network.