Nihon Kohden (OTCMKTS:NHNKY) Issues Quarterly Earnings Results

Nihon Kohden (OTCMKTS:NHNKY) issued its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09), Zacks reports. Nihon Kohden had a return on equity of 9.46% and a net margin of 6.08%.

Nihon Kohden Price Performance

Shares of NHNKY traded down $0.28 during trading hours on Thursday, hitting $9.33. The stock had a trading volume of 3,933 shares, compared to its average volume of 27,565. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $9.78. Nihon Kohden has a 1-year low of $8.12 and a 1-year high of $14.21. The firm has a market capitalization of $1.57 billion, a P/E ratio of 15.82 and a beta of 0.37.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 stock. According to data from MarketBeat, Nihon Kohden has a consensus rating of “Buy”.

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.