Nihon Kohden (OTCMKTS:NHNKY) Stock Rating Lowered by UBS Group

Nihon Kohden (OTCMKTS:NHNKY) was downgraded by equities research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Nihon Kohden to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Nihon Kohden presently has an average rating of “Hold”.

Nihon Kohden Stock Down 2.8%

Shares of OTCMKTS:NHNKY opened at $9.23 on Wednesday. Nihon Kohden has a 52-week low of $8.12 and a 52-week high of $14.21. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 16.77 and a beta of 0.37. The business has a 50-day moving average price of $9.17 and a 200-day moving average price of $9.68.

Nihon Kohden (OTCMKTS:NHNKY) last issued its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Nihon Kohden had a net margin of 5.90% and a return on equity of 9.08%. The firm had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $299.98 million. As a group, equities analysts anticipate that Nihon Kohden will post 0.6 EPS for the current fiscal year.

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.