Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – Here’s What Happened

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped up before the market opened on Monday . The stock had previously closed at $9.19, but opened at $9.73. Nihon Kohden shares last traded at $9.73, with a volume of 446 shares traded.

Analysts Set New Price Targets

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. Based on data from MarketBeat, Nihon Kohden presently has an average rating of “Buy”.

Nihon Kohden Stock Performance

The stock has a 50-day moving average of $9.03 and a 200-day moving average of $9.87. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 16.44 and a beta of 0.39.

Nihon Kohden (OTCMKTS:NHNKY) last released its earnings results on Thursday, May 14th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. Nihon Kohden had a return on equity of 9.46% and a net margin of 6.08%.The firm had revenue of $453.10 million for the quarter, compared to analysts’ expectations of $414.40 million. Sell-side analysts predict that Nihon Kohden Corporation 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.