Nihon Kohden (OTCMKTS:NHNKY) Shares Down 7.2% – Here’s What Happened

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares dropped 7.2% on Tuesday . The company traded as low as $11.06 and last traded at $11.06. Approximately 2,866 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 37,513 shares. The stock had previously closed at $11.92.

Wall Street Analyst Weigh In

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

Nihon Kohden Stock Down 4.0%

The company has a market cap of $1.96 billion, a price-to-earnings ratio of 15.67 and a beta of 0.41. The firm has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $11.44.

Nihon Kohden (OTCMKTS:NHNKY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.18 EPS for the quarter. Nihon Kohden had a net margin of 7.78% and a return on equity of 9.28%. The firm had revenue of $394.01 million during the quarter.

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.