Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – Time to Buy?

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $9.56, but opened at $10.04. Nihon Kohden shares last traded at $10.03, with a volume of 1,526 shares changing hands.

Analyst Upgrades and Downgrades

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 MarketBeat, the stock has an average rating of “Hold”.

Nihon Kohden Trading Up 4.8%

The business has a 50 day moving average of $9.49 and a 200-day moving average of $9.40. The stock has a market cap of $1.68 billion, a PE ratio of 18.21 and a beta of 0.36.

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

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.