Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – Should You Buy?

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $10.05, but opened at $10.85. Nihon Kohden shares last traded at $10.85, with a volume of 177 shares traded.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of Nihon Kohden from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Nihon Kohden Stock Down 1.5%

The firm’s 50 day moving average is $9.59 and its 200-day moving average is $9.37. The firm has a market cap of $1.69 billion, a PE ratio of 18.26 and a beta of 0.36. The company has a quick ratio of 2.46, a current ratio of 3.98 and a debt-to-equity ratio of 0.12.

Nihon Kohden (OTCMKTS:NHNKY) last released its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). The firm had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $299.98 million. Nihon Kohden had a return on equity of 9.17% and a net margin of 5.90%. As a group, equities research analysts expect that Nihon Kohden Corporation will post 0.6 earnings per share for the current fiscal year.

About Nihon Kohden

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 focuses on technologies used to monitor, diagnose and support patients across hospitals and other healthcare settings.

Its product portfolio includes patient monitoring systems, electrocardiographs, electroencephalographs, defibrillators, automated external defibrillators, ventilators and other critical-care equipment.